Household Credit, Global Financial Cycle, and Macroprudential Policies

Credit Register Evidence from an Emerging Country

Household Credit, Global Financial Cycle, and Macroprudential Policies
We analyze the effects of macroprudential policies on local bank credit cycles and interactions with international financial conditions. For identification, we exploit the comprehensive credit register containing all bank loans to individuals in Romania, a small open economy subject to external shocks, and the period 2004-2012,... READ MORE...

Publication date: January 2018
ISBN 9781484338599
$18.00

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