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Journal articles on the topic 'Credit instruments of macroprudential regulation'

Author: Grafiati

Published: 30 May 2022

Last updated: 31 July 2025

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1

Ipatyev, I. R. "Optimal macroprudential regulation tools." Finance and Credit 26, no. 4 (2020): 774–95. http://dx.doi.org/10.24891/fc.26.4.774.

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Subject. This article examines the hypothesis that microprudential and monetary policies are not able to provide measures to prevent excessive lending and guarantee the ability of financial institutions to cope with the growing credit bubble. Objectives. The article examines approaches to identifying viable macroprudential policy options and an optimal set of regulation instruments. Methods. For the study, I used a content analysis and generalization. Results. The article presents some results of the assessment of certain macroprudential requirement instruments. Conclusions. The study shows th

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Kozyuk, Victor. "PROMULGATION OF THE MACROPRUDENTIAL REGULATION AND THE GUIDELINES FOR THE NBU MACROPRUDENTIAL POLICY." JOURNAL OF EUROPEAN ECONOMY, Vol 17, No 2 (2018) (2018): 187–208. http://dx.doi.org/10.35774/jee2018.02.187.

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Post-crisis spread of macroprudential regulation requires some generalizations and identification of the ways of adapting it to Ukraine. Current consensus about taxonomy and functionality of macroprudential toolkit is corresponded with empirical findings of potential efficiency of such instruments to restrain credit and assets price inflation. At the same time, macroprudential policy may be vulnerable to possibilities of large borrowing abroad and credit activity leakage on unregulated segments of financial system. In the paper it is noted that commodity rich economies constitute a specific pr

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ТЕРШУКОВА, М. Б., and В. С. АБРАМОВ. "MACROPRUDENTIAL REGULATION BY THE BANK OF RUSSIA OF THE ACTIVITIES OF SYSTEMICALLY IMPORTANT CREDIT INSTITUTIONS IN MODERN CONDITIONS." Экономика и предпринимательство, no. 1(162) (February 11, 2024): 395–97. http://dx.doi.org/10.34925/eip.2024.162.1.070.

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В статье рассматриваются теоретические аспекты макропруденциального регулирования системно значимых кредитных организаций Банка России. Проводится обзор применения инструментов макропруденциального регулирования системно значимых кредитных организаций в современных условиях в Российской Федерации. The article examines the theoretical aspects of macroprudential regulation of systemically important credit institutions of the Bank of Russia. A review of the use of macroprudential regulation instruments for systemically important credit institutions in modern conditions in the Russian Federation i

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ZHUKOVA, Anastasiya A. "Macroprudential policy practices in dual banking countries." Finance and Credit 31, no. 2 (2025): 207–27. https://doi.org/10.24891/fc.31.2.207.

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Subject. This article discusses the implementation of macroprudential policy in countries with a dual banking system. Objectives. The article aims to determine the appropriateness and assess the effect of using macroprudential regulation tools to influence lending volumes in countries with a dual banking system. Methods. For the study, I used the methods of analysis, systematization, and econometric analysis. Results. Based on the analysis of the practices of foreign regulators in countries with a dual banking system, the article finds that the set of macroprudential policy tools does not diff

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ТЕРШУКОВА, М. Б., and И. П. РАДАЕВ. "MACROPRUDENTIAL REGULATION OF THE BANK OF RUSSIA ACTIVITIES OF CREDIT INSTITUTIONS IN MODERN CONDITIONS." Экономика и предпринимательство, no. 1(150) (May 27, 2023): 70–72. http://dx.doi.org/10.34925/eip.2023.150.1.011.

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В статье рассматриваются теоретические аспекты макропруденциального регулирования Банка России: содержание, цели, инструменты. Дается их классификация. Цели и инструменты раскрываются во взаимосвязи с целями и инструментами надзора Банка России, денежно- кредитной политики. Проводится обзор применения инструментов макропруденциального регулирования в современных условиях в РФ. The article discusses the theoretical aspects of macroprudential regulation of the Bank of Russia: content, goals, tools. Their classification is given. The objectives and instruments are disclosed in relation to the obj

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Deni wahyudi, Wahyu Fitrah, and Taufiq Chaidir. "ANALYSE THE EFFECTIVENESS OF MACROPRUDENTIAL INDICATORS IN REDUCING CREDIT RISK IN THE BANKING SECTOR." Journal of Finance, Economics and Business 3, no. 2 (2024): 19–30. https://doi.org/10.59827/jfeb.v3i2.166.

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In the face of changing economic conditions, macroprudential policies have emerged as a very important tool to manage credit risk in the banking industry. The objective of this study is to evaluate how well various macroprudential policy tools, including countercyclical capital buffer (CCB), loan-to-value ratio (LTV), and debt-to-income ratio (DTI), mitigate credit risk. According to a research study, CCB helps banks become more resilient in the face of challenging economic times, while LTV and DTI rules have proven effective in reducing dangerous credit expansion in the housing sector. Howeve

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Kovalenko, Victoria, and Sergii Sheludko. "Macroprudential Regulation in Ensuring of the Development of Financial Markets." Modern Economics 22, no. 1 (2020): 24–30. http://dx.doi.org/10.31521/modecon.v22(2020)-04.

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Introduction. The study has confirmed that ensuring of financial markets’ development stability is connected with the development of an effective system for macroprudential regulation. The financial crisis has shown that price stability is not enough to ensure financial stability. The financial and business cycles are not synchronized – therefore risks can arise, especially during periods of “disconnection” between two cycles. Purpose. The aim of the paper is to systematize basic concepts of macroprudential regulation in financial markets, considering international practice of its instruments

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OUERGHI, Feryel, and Oussemma HAMMAMI. "IMPACT OF MONETARY AND MACROPRUDENTIAL POLICIES ON FINANCIAL STABILITY." INDIAN JOURNAL OF APPLIED ECONOMICS AND BUSINESS 4, no. 2 (2022): 179–99. http://dx.doi.org/10.47509/ijaeb.2022.v04i02.03.

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The objective of this paper is to study the impact of different instruments of monetary and macroprudential policy on financial stability, using a sample of 48 countries, over the period 2000-2016. Based on the recent survey conducted by the IMF in 2016, we extend the database created by Cerutti, et al. (2015), considering macroprudential instruments through a binary approach. The results show the effectiveness of both monetary and macroprudential policies in reducing credit growth and so, in stabilizing financial system. However, macro-prudential regulation is more effective than monetary pol

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Emyliani, Feny Putri, Dwi Wulandari, Siti Rosnita Sakarji, and Bagus Shandy Narmaditya. "Macroprudential Policy on Banking Sector in Indonesia." TRIKONOMIKA 17, no. 1 (2018): 1. http://dx.doi.org/10.23969/trikonomika.v17i1.815.

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This study investigates the implementation of macroprudential policy on banking sector and society. The research applied a descriptive analysis by using an in-depth interview with Bank Indonesia, representative of commercial bank, and society. The result showed that macroprudential policy has no impact on individual, but it had an impact on industrial banking specifically on bank credit lending which caused by LTV regulation. The society responses to the LTV policy is that the majority do not object to the imposition of a maximum limit for housing credit enacted by bank because of the relative

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Murshudli, Fakhri, Roksolana Zapotichna, and Muslim Mursalov. "Directions of improvement of multinational banks’ credit activity regulations in terms of debt-type economy." SHS Web of Conferences 129 (2021): 03021. http://dx.doi.org/10.1051/shsconf/202112903021.

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Research background: Amidst deepening economic internationalization and financial globalization, multinational banks remain the most important financial intermediaries in the international debt capital market. By ensuring the cross-border movement and redistribution of credit resources, multinational banks’ credit activities lead to the accumulation of external indebtedness in the host countries. Purpose of the article: The purpose of the article is to substantiate scientific and practical recommendations for improving multinational banks’ credit activities regulations in order to minimize the

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PUZYROVA, P. V., V.V. MARTSYNOVSKYI, and A. O. SVYRYDOV. "The essence and significance of macroprudential policy focusing on the financial stability of Ukraine." Market Relations Development in Ukraine №7-8(266-267)2023 153 (October 9, 2023): 5–11. https://doi.org/10.5281/zenodo.8420613.

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The subject of the research is the theoretical and practical aspects of the study of the current state and development strategy of macroprudential policy in the focus of financial stability of Ukraine. The aim of the research is to determine the main goals, tasks and tools of macroprudential policy to ensure the financial stability of the country. Research methods. When writing the article, general scientific and special research methods regarding macroprudential policy and financial stability were used. Results of the investigation. It has been established that with the beginning of a full&nd

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Shlapak, А. V. "INTERNATIONAL COORDINATION OF MACROPRUDENTIAL POLICY AS A TOOL OF FINANCIAL INTEGRATION." Vìsnik Marìupolʹsʹkogo deržavnogo unìversitetu Serìâ Ekonomìka 12, no. 24 (2022): 5–13. http://dx.doi.org/10.34079/2226-2822-2022-12-24-5-13.

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The article provides a comprehensive analysis of the problem of international macroprudential regulation from the standpoint of benefits and threats produced for national economies in the process of its implementation. It has been established that the macroeconomic situation in each individual country is increasingly being influenced by forces that go beyond both traditional cycle theories and the conventional understanding of non-economic factors. As a result, long-term macroeconomic stability, the key to which is the stability of the national financial and, above all, the banking system, to

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Portugues, Míriam Oliveira Silva, Viviane Luporini, and Luis Antonio Licha. "Macroprudential policy debate, concepts and the Brazilian context." Brazilian Keynesian Review 4, no. 1 (2018): 35. http://dx.doi.org/10.33834/bkr.v4i1.113.

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<div class="page" title="Page 1"><div class="layoutArea"><div class="column"><p><span>The economics literature related to the financial system seeks to define the concepts of financial stability, systemic risk and macroprudential instruments for the purpose of drafting a policy that essentially "leans against the wind", that is, a policy that monitors macroeconomic vulnerabilities and combats system instability. Such a policy should cover all financial institutions involved in credit intermediation (not just banks) and consider the pro-cyclical and intrinsic natur

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Miroshnichenko, O. S., and N. A. Brand. "Banks Financing the Green Economy: A Review of Current Research." Finance: Theory and Practice 25, no. 2 (2021): 76–95. http://dx.doi.org/10.26794/2587-5671-2021-25-2-76-95.

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Achieving the goals of sustainable development and the transition to a green economy requires significant financial resources. Banks are active participants in the financing of projects and industries with a positive environmental and social impact. In this regard, the emerging responsible banking and its regulation are of scientific and practical interest, which ensures the relevance of the study. The aim of the study is to generalize and systematize the results of scientific research on the participation of banks in financing the green economy. In the context of the historical approach, the

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PROKOFIEVA, E. N., and M. A. GRUZDOVA. "MACROPRUDENTIAL REGULATION OF THE RETAIL LENDING MARKET IN CONDITIONS OF ECONOMIC INSTABILITY AND SANCTIONS." Herald of Omsk University. Series: Economics 20, no. 2 (2022): 64–73. http://dx.doi.org/10.24147/1812-3988.2022.20(2).64-73.

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The economic instability of the last 10 years has determined the nature of the Bank of Russia's actions to regulate various sectors of the financial market in order to minimize risks and ensure maximum efficiency of functioning. The article examines the banking segment of the retail lending market, since this particular area has been considered the most risky and requiring the intervention of the Central Bank for a number of years. The basis for the study, as well as for comprehensive control by the Bank of Russia, was an active growth in retail lending volumes that is incomparable with the dy

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Zhu, Yingze. "The Impact of Two-pillar Policies on Real Estate Prices in China." Advances in Economics, Management and Political Sciences 14, no. 1 (2023): 91–96. http://dx.doi.org/10.54254/2754-1169/14/20230796.

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Since the turn of the 20th century, China's real estate industry has been expanding, playing an increasingly vital role in fostering the growth of the national economy. On the one hand, rising housing costs can stimulate the growth of linked companies. Nonetheless, it also causes a number of social issues. Through theoretical research, this study examines the impact of two-pillar policies (monetary policy and macroprudential regulations) on real estate values in China. The analysis reveals that quantitative monetary policy influences real estate prices via credit scale, whereas price-based mon

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Квициния, А. В. "MEASURES OF STATE SUPPORT OF THE BANKING SYSTEM IN A CRISIS." Vestnik of Russian New University. Series "Man and society", no. 2 (April 28, 2023): 1–10. http://dx.doi.org/10.18137/rnu.v9276.23.02.p.065.

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Рассматриваются тенденции развития банковской системы РФ в условиях геополитической напряженности, введенных США и странами Евросоюза санкций против нашего государства, которые вызвали отток денежных средств из финансового сектора страны. Освещены направленность и последствия введения массовых пакетов ограничительных мер против России и их воздействия на банковский сектор страны. Приведены конкретные примеры действий ЦБ РФ по поддержанию финансовой устойчивости банковского сектора, проанализированы стратегии банков и их коррективы, которые могут быть применены в целях поддержания эффективности

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Vаtev, Zhelyo, Marin Marinov, and Taner Ismailov. "Impact of Bank Size on Its Financial Indicators in Bulgaria." Economics. Ecology. Socium 6, no. 4 (2022): 1–13. http://dx.doi.org/10.31520/2616-7107/2022.6.4-1.

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Introduction. One of the frequently used criteria for classifying banks is according to their size. The question of the existence of a dependence between the size of credit institutions, on the one hand, and their financial condition and results of activity, on the other hand, was logically raised. In recent years, this issue has increased its significance in Bulgaria against the background of the following circumstances: first, a process of consolidation of the banking sector in the country has begun; second, the new dimensions of the macroprudential policy impose higher regulatory requiremen

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Ganić, Mehmed. "Can Credit Related Macroprudential Instruments Be Effective in Reducing the Correlation Between Economic and Credit Growth? Cross-Country Evidence." Journal of Central Banking Theory and Practice 12, no. 2 (2023): 165–83. http://dx.doi.org/10.2478/jcbtp-2023-0018.

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Abstract The study investigates effectiveness of selected credit related macro prudential instruments in reducing the correlation between economic and credit growth in European emerging countries between 2000 and 2017. Two GMM (Generalized Method of Moments) estimators are used to empirically investigate the validity of tightening policy actions. Although greater attention to MMPs is found in both European regions the study finds some differences as well. On the level of full sample, the findings confirm our expectation about effectiveness of the selected credit related macroprudential instrum

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Andryushin, S., and V. Kuznetsova. "Macroprudential Policy Instruments of Central Banks." Voprosy Ekonomiki, no. 8 (August 20, 2012): 32–47. http://dx.doi.org/10.32609/0042-8736-2012-8-32-47.

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The paper analyzes central banks macroprudencial policy and its instruments. The issues of their classification, option, design and adjustment are connected with financial stability of overall financial system and its specific institutions. The macroprudencial instruments effectiveness is evaluated from the two points: how they mitigate temporal and intersectoral systemic risk development (market, credit, and operational). The future macroprudentional policy studies directions are noted to identify the instruments, which can be used to limit the financial systemdevelopment procyclicality, miti

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Lenka, Vanessa K. Sibagariang, and Wahyu Rejekiningsih Tri. "Analysis of the Effectiveness of Banking Credit Risk Control with Macroprudential Policy in Indonesia." Journal of Economics, Finance and Management Studies 6, no. 10 (2023): 4861–68. https://doi.org/10.5281/zenodo.10215659.

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High credit risk will affect the health of the bank which will be a factor causing systemic risk. This research aims to analyze the effectiveness of macroprudential policy in controlling banking credit risk in Indonesia. This research uses Non-Performing Loans (NPL) as an indicator of credit risk. Meanwhile, as indicators of macroprudential policy, policy instruments such as LTV (Loan to Value), RIM (Macroprudential Intermediation Ratio), DTI (Debt to Income), and COC (Ceilings on Credit). The analytical method used in this research is panel data regression analysis with a fixed effect model (

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Muhamad, Yunanto, and Medyawati Henny. "The Role of Macroprudential Policy Instruments on Credit Distribution in Indonesia." Journal of Economics and Business 2, no. 4 (2019): 1057–63. https://doi.org/10.31014/aior.1992.02.04.150.

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One of the objectives of the macroprudential policy instrument is to reduce the procyclicality of bank credit growth. This study aims to analyze the Bank Indonesia macroprudential policy in controlling property loans. The research variables consist of independent variables, namely loan to value (LTV) as dummy variables, consumption loan interest rates, GDP and LTV as interaction variables with consumer loans and the dependent variable, namely property loans. The research method uses panel data regression analysis. The data used in this study are secondary data for the period 2009 - 2018. The r

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Obeid, Rami. "The Impact of Macroprudential and Monetary Policies Instruments on the Private Credit Growth in the Arab Banking Sector." International Journal of Economics and Financial Issues 13, no. 5 (2023): 10–14. http://dx.doi.org/10.32479/ijefi.14783.

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This paper investigates the potential impact of the macroprudential instruments, namely debt-to-income (DTI) ratios, the loan-to-value (LTV) on controlling the private credit growth in the Arab banking system, and we also attempt to examine the effects of the monetary policy instruments on private credit growth by using Generalized Method of Moments (GMM) technique. We measure the effect of loosening or tightening these instruments on the growth of the private credit using a sample covers ten Arab countries based on quarterly data for the period (2014-2019). The results reveal that the macropr

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Lorenčič, Eva, and Mejra Festić. "The Impact of Macroprudential Policy Instruments on Financial Stability in Southern Europe." Naše gospodarstvo/Our economy 68, no. 1 (2022): 25–34. http://dx.doi.org/10.2478/ngoe-2022-0003.

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Abstract This paper is a contribution to the body of research examining the impact of macroprudential policy instruments on financial stability. The following hypothesis was tested (H1): Macroprudential policy instruments (household borrowing costs; interbank loans as a percentage of total loans; loan to deposit ratio; leverage ratio; and solvency ratio) enhance financial stability, as measured by credit growth, in four southern European economies (Greece, Italy, Portugal and Spain) from Q4 2010 to Q4 2018. The empirical results of this study suggest that, of the investigated macroprudential p

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Müller, Karsten. "Electoral Cycles in Macroprudential Regulation." American Economic Journal: Economic Policy 15, no. 4 (2023): 295–322. http://dx.doi.org/10.1257/pol.20200626.

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Do politics matter for macroprudential policies? I show that changes in macroprudential regulation exhibit a predictable electoral cycle in the run-up to 221 elections across 58 countries from 2000 through 2014. Policies restricting mortgages and consumer credit are systematically looser before elections, particularly during economic expansions. Consistent with theories of opportunistic political cycles, this pattern is stronger when election outcomes are uncertain, regulators are closely tied to politicians, and institutions are poor. These results suggest that political pressures may limit t

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Belfrage, Claes Axel, and Markus Kallifatides. "The politicisation of macroprudential regulation: The critical Swedish case." Environment and Planning A: Economy and Space 50, no. 3 (2018): 709–29. http://dx.doi.org/10.1177/0308518x17750877.

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This article explores the prospects of stabilising financialisation in Europe as a spatial-temporal fix for Anglo-American capitalism’s crisis-tendencies. We analyse the politics of (countercyclical) macroprudential regulation in the critical case study of Sweden. Here, macroprudential regulation is introduced, in contrast with much of the rest of the EU economies, in a credit boom. We find evidence of an administrative crisis, as technocrats face the political constraints on re-regulating financialised accumulation. This suggests that the conditions are ripe for a deepened administrative cris

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Dana, Badara Shofi. "Evaluation Of Macroprudential Policy On Credit Growth In Indonesia: Credit Registry Data Approach." ETIKONOMI 17, no. 2 (2018): 199–212. http://dx.doi.org/10.15408/etk.v17i2.7324.

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Macro-prudential policies have an essential role in mitigating the imbalances in the financial sector that stem from procyclical credit growth. This study aims to evaluate macro-prudential policy in mitigating risk on procyclical credit growth with a registry data approach. Structural Vector Autoregression (SVAR) analysis method is used to evaluate macro-prudential policy in influencing credit growth. The results show LTV instruments can reduce credit growth but not to procyclical mitigation. Dissimilar results in the implementation of CCB and GWM + LDR instruments are capable of procyclical c

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Orkida, Ilollari. "The Policies of Bank of Albania for Providing Financial Stability􀀀 The Role and the Effects of the Macroprudential Instruments 2006-2014." ECONOMICUS, no. 14 (June 24, 2016): 25–44. https://doi.org/10.5281/zenodo.7584872.

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Abstract This study is an attempt to look onto the hypothesis, forecasts and questions that are now at the center of the economic world debates on ensuring financial stablity. The purpose of this study is to give a contribution in improving the use of the macroprudential instruments and the real impact they have on the economy. This study aims to collect and analyse data in assessing the performance of the macroprudential instruments, to create institutional regulations in regards to monetary policy and to make a prediction about the right moment when these instruments should be activated. It

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Zhang, Yuanyan, and Thierry Tressel. "Effectiveness and channels of macroprudential policies: lessons from the Euro area." Journal of Financial Regulation and Compliance 25, no. 3 (2017): 271–306. http://dx.doi.org/10.1108/jfrc-10-2016-0094.

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Purpose The design of a macro-prudential framework and its interaction with monetary policy has been at the forefront of the policy agenda since the global financial crisis. However, most advanced economies (AEs) have little experience using macroprudential policies. As a result, relatively little is known empirically about macroprudential instruments’ effectiveness in mitigating systemic risks in these countries, about their channels of transmission, and about how these instruments would interact with monetary policy. This paper aims to fill in the gap. Design/methodology/approach The authors

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Ghosh, Saibal. "Credit growth and macroprudential regulation: is ownership important?" International Journal of Law and Management 57, no. 3 (2015): 167–82. http://dx.doi.org/10.1108/ijlma-02-2014-0008.

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Jeanne, Olivier, and Anton Korinek. "Macroprudential Regulation versus mopping up after the crash." Review of Economic Studies 87, no. 3 (2020): 1470–97. http://dx.doi.org/10.1093/restud/rdaa005.

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Abstract How should macroprudential policy be designed when policymakers also have access to liquidity provision tools to manage crises? We show in a tractable model of systemic banking risk that there are three factors at play: first, ex post liquidity provision mitigates financial crises, and this reduces the need for macroprudential policy. In the extreme, if liquidity provision is untargeted and costless or if it completely forestalls crises by credible out-of-equilibrium lending-of-last-resort, there is no role left for macroprudential regulation. Second, however, macroprudential policy n

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Biskupec, Petra Popek, and Suzana Herman. "Improving the Resilience of Banking System in Small Open Economy: Is Macroprudential Policy Efficient?" SHS Web of Conferences 92 (2021): 07050. http://dx.doi.org/10.1051/shsconf/20219207050.

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Research background: Although macroprudential instruments increase financial stability, it is necessary to test how they affect the overall economic recovery after a global financial crisis. In the post-crisis period, the real sector needed a strong injection of capital in order to be able to start recovery and to encourage economic growth. At the same time, most of the countries introduced strict regulatory measures that strengthen bank capital and the liquidity base. From the standpoint of the financial sector stability, these measures contributed to the overall financial stability, but at t

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Akbar, Muh Imaduddin, and Muhammaf Ghafur Wibowo. "THE EFFECTIVENESS OF MACROPRUDENTIAL POLICIES IN MITIGATING THE SYSTEMIC RISK IN INDONESIA." Airlangga International Journal of Islamic Economics and Finance 4, no. 2 (2021): 91. http://dx.doi.org/10.20473/aijief.v4i2.27717.

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AbstractThis study aims to investigate the effectiveness of macroprudential policies in mitigating the systemic risk in Indonesia. The study uses quantitative descriptive analysis with the Vector Error Correction Model (VECM) and emphasizes on the impact of two macroprudential instruments applied in Indonesia; Macroprudential Liquidity Buffer (MLB) and Countercyclical Capital Buffer (CCyB) to credit growth for conventional and financing growth for Sharia bank. This study employes monthly data over the periods M12010-M102019 that obtained from Bank Indonesia’s (BI) website (www.bi.go.di) and th

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Lazarevic, Jelisaveta, Tanja Kuzman, and Milan Nedeljkovic. "Credit cycles and macroprudential policies in emerging market economies." Oeconomia Copernicana 13, no. 3 (2022): 633–66. http://dx.doi.org/10.24136/oc.2022.019.

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Research background: Excessive credit expansions have an important role in the generation and amplification of business cycles in emerging market (EM) economies. Macroprudential policies can be beneficial in restraining excessive credit growth and safeguarding financial stability. Despite recent theoretical advances in understanding of the benefits of macroprudential policies, empirical evidence on their effect on the credit cycle is still scarce. Purpose of the article: This paper studies the effectiveness of macroprudential measures in the sample of major EM economies focusing on the broad c

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Zuhroh, Idah, Firdha Aksari Anindyntha, and Fitri Rusdianasari. "INTEGRASI KEBIJAKAN MAKROPRUDENSIAL DAN MONETER TERHADAP RESILIENSI BANK SYARIAH DI INDONESIA." Journal of Financial Economics & Investment 5, no. 1 (2025): 45–57. https://doi.org/10.22219/jofei.v5i1.39744.

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The Covid-19 pandemic has caused economic contraction and uncertainty in global financial markets, impacting both conventional and sharia financial sectors. Indonesia's dual banking system showed positive sharia banking performance during the crisis, highlighting its potential for financial stability. This study examines the impact of macroprudential and monetary policy synergy, along with macroeconomic and internal banking factors, on the resilience of sharia banks in Indonesia. This condition is of concern to researchers considering that a resilient sharia financial industry has the potentia

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Zeldea, Cristina-Georgiana, and Mihai Nițoi. "Macroprudential tools, credit growth and financial stability: Lessons from Central and Eastern European countries." Journal of Financial Studies 6, no. 11 (2021): 156–78. http://dx.doi.org/10.55654/jfs.2021.6.11.12.

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"The turbulences that banking systems confronted over the past decades emphasized the importance of a sound macroprudential policy. Therefore, our study analyses the use and the types of macroprudential tools adopted by the authorities, in Central and Eastern European countries, from 2000 to 2018. Our findings reveal a degree of asymmetry within the regulatory framework. More exactly, the frequency, but also the nature of prudential instruments was not symmetrical in the Central and Eastern European countries. The heterogeneity also stands out from a time-varying perspective. We attribute this

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Song, Qin, Li Ji, and Su Zhicheng. "Risk-taking Channel of Bank Liquidity Creation Affecting Real Economy: Recommendation to tobacc industry." Tobacco Regulatory Science 7, no. 5 (2021): 2348–61. http://dx.doi.org/10.18001/trs.7.5.1.5.

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Objection: We investigate whether risk-taking channel exsits in the interaction of monetary policy, macroprudential regulation, liquidity creation and enterprise output. Methods: We adopt the mediating effect model with stepwise regression, Sobel and Bootstrap test to identify risk-taking mechanism of liquidity creation impact on real economy. Results: We find that pricing tools of monetary policy and macroprudential tools can inhibit the changes of risk-taking and liquidity creation caused by quantitative tools. In particular, the increasing systemic risk arises the off-balance-sheet liquidit

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Rusanov, Georgy M. "MACROPRUDENTIAL TOOLS FOR MANAGING SYSTEMIC RISK IN THE RUSSIAN FINANCIAL MARKET." EKONOMIKA I UPRAVLENIE: PROBLEMY, RESHENIYA 3/1, no. 144 (2024): 97–105. http://dx.doi.org/10.36871/ek.up.p.r.2024.03.01.011.

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The article is devoted to the analysis and assessment of the mechanism reventing the occurrence of systemic risk in the Russian financial system through the tools of macroprudential regulation. The degree and spheres of influence of macroprudential regulation tools on the sources of systemic risk are investigated. A scientific hypothesis in achieving financial stability through the tools of macroprudential regulation. Conclusions are drawn about the effectiveness of the tools used in modern Russian practice, an assessment of the prevention of systemic risk in the segments of unsecured and mort

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Lorenčič, Eva, and Mejra Festić. "The Impact of Seven Macroprudential Policy Instruments on Financial Stability in Six Euro Area Economies." Review of Economic Perspectives 21, no. 3 (2021): 259–90. http://dx.doi.org/10.2478/revecp-2021-0012.

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Abstract The aim of this paper is to investigate whether macroprudential policy instruments can influence the credit growth rate and hence financial stability. We use a fixed effects panel regression model to test the following hypothesis for six euro area economies (Austria, Finland, Germany, Italy, Netherlands and Spain) during time span 2010 Q3 to 2018 Q4: “Macroprudential policy instruments (degree of maturity mismatch; interbank loans as a percentage of total loans; leverage ratio; non-deposit funding as a percentage of total funding; loan-to-value ratio; loan-to-deposit ratio; solvency r

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Ade Surya Sukma and Sunaryati. "The Effect of Macroprudential Policy on Credit Growth and Financing of MSMEs in Indonesia." EkBis: Jurnal Ekonomi dan Bisnis 6, no. 2 (2022): 112–28. http://dx.doi.org/10.14421/ekbis.2022.6.2.1695.

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The global crisis in 2008 had weakened the Financial System Stability (FFS) of almost every country. This financial crisis proved that the country had not been really responsive to global change so the financial system risk management done by the central bank was not able to stabilize the crisis. The formulation of macroprudential policies aims to mitigate the bank behavior in distributing credits and financing to the MSMEs which are pro-cyclical. Macroprudential policy instruments used in this study are Loan to Value (LTV)/ Financing to Value (FTV) and Minimum Statutory Reserves based on Loan

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Zarazúa Juárez, Carlos Alberto. "Macroprudential regulation as part of the Mexican policy toolkit." Revista Mexicana de Economía y Finanzas 16, no. 1 (2020): 1–27. http://dx.doi.org/10.21919/remef.v16i1.568.

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The objective of this work is to assess the effect of implementing countercyclical macroprudential regulation in Mexico with the objective of verify whether this type of policy is welfare-improving. Using a DSGE model, two kinds of macroprudential rules are tested: countercyclical bank capital requirements and countercyclical loan-to-value ratios. Results suggest that these rules are welfare-improving and avoid the formation of credit bubbles as well as facilitate loans in the presence of macroeconomic crises. Results suggest that the use of countercyclical rules is effective in keeping the de

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Vũ, Mai Chi. "Credit control contributes to enhancing macro-prudential measures Practice in some countries and Vietnam." Tạp chí Khoa học và Đào tạo Ngân hàng 260+261 (January 2024): 11–23. http://dx.doi.org/10.59276/tckhdt.2024.1.2.2024.2638.

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In the world, central banks have utilized credit control measures to enhance macroprudential, monetary, and other macro policies to achieve economic goals. Since 2011, the State Bank of Vietnam has adopted credit control as an administrative measure, alongside its more conventional monetary policy tools (refinancing, interest rates, exchange rates, reserves requirements, and open market operations) to curb inflation at its annual target level. In its function, credit control (setting the credit growth targets) acts as an immediate target which assists the SBV in achieving its monetary policy t

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Koziuk, Viktor Koziuk. "MACROPRUDENTIAL REGULATION IN COUNTRIES OF CENTRAL AND EASTERN EUROPE: EXPERIENCE OF FINANCIAL IMBALANCES, PROACTIVITY OR PROTECTIVE REACTION." JOURNAL OF EUROPEAN ECONOMY Vol 17, Vol 17, No 1 (2018) (2018): 56–88. http://dx.doi.org/10.35774/jee2018.01.056.

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Is experience of financial imbalances driving intensity of macroprudential policy instruments use? Theoretically - yes, because they support to diminish conflict between price, exchange rate and financial stability. In the same time CEE countries demonstrate more complicated picture. Such countries experienced strong structural determined vulnerability to financial imbalances accumulation. The scale of correction of such imbalances also was tremendous. But empirical analysis doesn’t show that experience of imbalances is a driving force of more intensive use of macroprudential policy instrument

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Bouchetara, Mehdi, Abdelkader Nassour, and Sidi Eyih. "Macroprudential policy and financial stability, role and tools." Financial Markets, Institutions and Risks 4, no. 4 (2020): 45–54. http://dx.doi.org/10.21272/fmir.4(4).45-54.2020.

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The aim of macroprudential policy is to ensure financial stability by avoiding the outbreak of banking crises, which have a dangerous effect on the economy. Is macroprudential policy effective in the face of banking crises and systemic risks? The macroprudential policy has received significant interest from policy-makers and researchers. A few developing countries were using macroprudential policy tools well before the 2008 financial crisis, but significant progress has been made thereafter in both emerging and industrialized economies to put in place specific institutional settings for macrop

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Tayler, William J., and Roy Zilberman. "Macroprudential regulation, credit spreads and the role of monetary policy." Journal of Financial Stability 26 (October 2016): 144–58. http://dx.doi.org/10.1016/j.jfs.2016.08.001.

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Ramsay, I., and T. Williams. "Peering Forward, 10 Years After: International Policy and Consumer Credit Regulation." Journal of Consumer Policy 43, no. 1 (2019): 209–26. http://dx.doi.org/10.1007/s10603-019-09436-x.

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AbstractA key change since the financial crisis of 2008 is the internationalization of interest in consumer finance. International institutions monitor household credit because of its impact on financial stability and market expansion. Macroprudential concerns drove this interest, resulting in a sea change in approaches to consumer credit regulation in many jurisdictions. This article critically analyses the emerging international policy paradigm, contrasting pre-and post-crisis regulatory approaches and highlighting continuing tensions about key policy choices. It then uses two recent sites o

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Hac, Le Dinh. "BANK CONCENTRATION AND BANKING STABILITY: EVIDENCE FROM EAGLE GROUP." JURNAL APLIKASI MANAJEMEN 19, no. 4 (2021): 703–14. http://dx.doi.org/10.21776/ub.jam.2021.019.04.01.

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The study was conducted to assess the impact of the banking sector's concentration on the banking system's stability in Emerging and growth-leading economies (EAGLEs). In addition, the study also analyzed the role of macroeconomic factors in bank stability. By applying Bayesian multivariate linear regression, the posterior probability results show that money supply growth and credit growth erode the soundness of the banking system. On the other hand, economic growth helps to improve banking stability, but this effect is not obvious; surprisingly, inflation also increases the banking stability

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Danylenko, Andriy, and Viktoriia Sanzharovska. "Institutional Set-Up and Mandates of Macroprudential Authorities:International Experience and Benchmarks for Ukraine." Visnyk of the National Bank of Ukraine, no. 236 (June 29, 2016): 19–29. http://dx.doi.org/10.26531/vnbu2016.236.019.

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Defining macroprudential authority is one of the key steps in ensuring financial stability. Within the framework of general principles defined by international institutions lie various versions of macroprudential architectures realized by individual countries. Such solutions were shaped by the level of the financial system’s sophistication, the government’s role, and the central bank’s mandate. Yet the dominating trend is to entrust the macroprudential mandate to a central bank, especially if it already has a wide mandate for supervision and regulation of the financial sector. This is especial

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Konstantinou, Panagiotis, Anastasios Rizos, and Artemis Stratopoulou. "The dynamic effect of macroprudential policies on income inequality: some evidence." Economics and Business Letters 12, no. 3 (2023): 248–65. http://dx.doi.org/10.17811/ebl.12.3.2023.248-265.

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We study the dynamic effects of the adoption of macroprudential policies on income inequality over the period 1990 - 2015. We utilize local projections for horizons up to 5 years, and we document that the implementation of borrower-targeted MAPs increases income inequality since they pose obstacles to the access to credit based on household-specific characteristics; however, some financial institutions-targeted instruments (i.e., capital and reserve requirements) lead to a more equal income distribution.

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Morgan, Peter J. "A Framework for Regional Banking Regulation in ASEAN." Asian Economic Papers 19, no. 3 (2020): 111–25. http://dx.doi.org/10.1162/asep_a_00792.

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This paper argues that there is a role for regional-level institutions of banking regulation in the ASEAN region. This is particularly important in an environment of increasing financial integration and harmonization, including exposures to shocks from volatile capital flows and cross-border banking institutions. The paper examines four aspects of financial regulation: microprudential regulation, macroprudential regulation, resolution capacity and deposit insurance, and a financial safety net. The paper argues that EU regional banking regulation provides a useful reference point, but the lower

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