Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/237698 
Year of Publication: 
2021
Series/Report no.: 
ECB Working Paper No. 2559
Publisher: 
European Central Bank (ECB), Frankfurt a. M.
Abstract: 
Since the global financial crises, many countries have implemented macroprudential policies with the aim to render the financial system more resilient to shocks and limit the procyclicality of the financial system. We present theoretical and empirical evidence on the effectiveness of macroprudential policy, on both, financial stability and economic growth focussing on capital measures and borrower-based measures.
Subjects: 
Macroprudential policy
financial stability
bank capital
borrowers
JEL: 
G21
Persistent Identifier of the first edition: 
ISBN: 
978-92-899-4559-2
Document Type: 
Working Paper

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