Skip to main content Accessibility help
×
Home
Hostname: page-component-684899dbb8-ct24h Total loading time: 0.54 Render date: 2022-05-27T04:33:23.172Z Has data issue: true Feature Flags: { "shouldUseShareProductTool": true, "shouldUseHypothesis": true, "isUnsiloEnabled": true, "useRatesEcommerce": false, "useNewApi": true }

8 - Macroprudential Policy in a Globalised World

Published online by Cambridge University Press:  09 August 2018

Paul Mizen
Affiliation:
University of Nottingham
Margarita Rubio
Affiliation:
University of Nottingham
Philip Turner
Affiliation:
Universität Basel, Switzerland
Get access

Summary

Image of the first page of this content. For PDF version, please use the ‘Save PDF’ preceeding this image.'
Type
Chapter
Information
Publisher: Cambridge University Press
Print publication year: 2018

Access options

Get access to the full version of this content by using one of the access options below. (Log in options will check for institutional or personal access. Content may require purchase if you do not have access.)

References

Aiyar, S., Calomiris, C., Hooley, J., Korniyenko, Y. and Wieladek, T. (2014a). ‘The international transmission of bank capital requirements: Evidence from the UK’, Journal of Financial Economics, vol 113, 368382.CrossRefGoogle Scholar
Aiyar, S., Calomiris, C. and Wieladek, T. (2014b). ‘Does macroprudential regulation leak? Evidence from a UK policy experiment’, Journal of Money, Credit and Banking, vol 46, 181214.CrossRefGoogle Scholar
Aiyar, S., Calomiris, C. and Wieladek, T. (2014c). ‘Identifying Channels of Credit Substitution When Bank Capital Requirements Are Varied’, Bank of England Working Papers, no. 485.
Barth, J. R., Caprio, G. and Levine, R. (2013). ‘Bank regulation and supervision in 180 countries from 1999 to 2011’, Journal of Financial Economic Policy, vol 5, no 2, 111219.CrossRefGoogle Scholar
Bengui, J. and Bianchi, J. (2014). Capital flow management when capital controls leak. Mimeo.
Bianchi, J. (2011) ‘Overborrowing and systemic externalities in the business cycle’, American Economic Review, vol 101, no 7, 34003426.CrossRefGoogle Scholar
Bremus, F. and Fratzscher, M. (2014). ‘Drivers of Structural Change in Cross-Border Banking Since the Global Financial Crisis’, DIW Discussion Paper, no 1411.
Brunnermeier, M and Sannikov, Y. (2015). ‘International Credit Flows and Pecuniary Externalities’, CEPR Discussion Papers, no 10339.
Bruno, V. and Shin, H. S. (2013). ‘Capital flows and the risk-taking channel of monetary policy’, NBER Working Papers, no. 18942.
Buch, C. and Goldberg, L. (2017). ‘Cross-border prudential policy spillovers: How much? How important? Evidence from the International Banking Research Network’, International Journal of Central Banking, vol 13, no 2, 505508.Google Scholar
Bush, O., Knott, S. and Peacock, C. (2014). ‘Why is the UK banking system so big and is that a problem?’, BoE Quarterly Bulletin, no 4.
Cerutti, E. C. S. and Laeven, L. (2015). ‘The use and effectiveness of macroprudential policies: New evidence’, IMF Working Papers, no 15/61.
Cetorelli, N. and Goldberg, L. (2012). ‘Banking globalization and monetary transmission’, Journal of Finance, vol 67, no 5.CrossRefGoogle Scholar
CEPR 2014 (2014). ‘Macroprudentialism’ Vox eBook.
Danisewicz, P., Reinhardt, D. and Sowerbutts, R. (2017). ‘On a tight leash: Does bank organisational structure matter for macroprudential spillovers?’, Journal of International Economics, vol 109, 174194.CrossRefGoogle Scholar
Dell’Erba, S. and Reinhardt, D. (2015). ‘FDI, debt and capital controls’, Journal of International Money and Finance, no 58, 29–50.CrossRef
Hoggarth, G., Hooley, J. and Korniyenko, Y. (2013). ‘Which way do foreign branches sway? Evidence from the recent UK domestic credit cycle’ Bank of England FS Paper, no 22.
Houston, J., Lin, C. and Ma, Y. (2012). ‘Regulatory arbitrage and international bank flows’, Journal of Finance, vol 67, no 5.CrossRefGoogle Scholar
Jeanne, O. (2014). ‘Macroprudential policies in a global perspective,’ NBER Working Papers, no 19967.
Korinek, A. (2011). Excessive Dollar Borrowing in Emerging Markets: Balance Sheet Effects and Macroeconomic Externalities. Baltimore: University of Maryland.Google Scholar
Kuttner, K. N. and Shim, I. (2013). ‘Can Non-Interest Rate Policies Stabilize Housing Markets? Evidence from a Panel of 57 Economies’, NBER Working Papers, no 19723.
Lane, P. R. and Milesi-Ferretti, G. M. (2007). ‘The external wealth of nations mark II: Revised and extended estimates of foreign assets and liabilities, 1970–2004’, Journal of International Economics, vol 73, 223250.CrossRefGoogle Scholar
Lim, C., Columba, F., Costa, A., Kongsamut, P., Otani, A., Saiyid, M., Wezel, T. and Wu, X. (2011). ‘Macroprudential Policy: What instruments and how to use them?’, IMF Working Paper, no. 11/238.
Ongena, S., Popov, A. and Udell, G. F. (2013). ‘When the cat’s away the mice will play: Does regulation at home affect bank risk-taking abroad?’, Journal of Financial Economics, vol 108, no 3, 727750.CrossRefGoogle Scholar
Ostry, J., Ghosh, R. and Korinek, A. (2012). ‘Multilateral Aspects of Managing the Capital Account’, IMF Staff Discussion Note, no 12/10.
Ostry, J. and Ghosh, R. (2013) ‘Obstacles to International Policy Coordination and How to Overcome Them,’ IMF Staff Discussion Note No 13/11.
Peek, J., and Rosengren, E. (1997) ‘The international transmission of financial shocks: The case of Japan’, American Economic Review, vol 87, 495505.Google Scholar
Peek, J., and Rosengren, E. (2000). ‘Collateral damage: Effects of the Japanese bank crisis on the United States’, American Economic Review, vol 90, 3045.CrossRefGoogle Scholar
Reinhardt, D. and Sowerbutts, R. (2015). ‘Regulatory arbitrage in action: Evidence from banking flows and macroprudential policy’, Bank of England Staff Working Paper, no. 546.
Rey, H. (2013). ‘Dilemma not trilemma: The global financial cycle and monetary policy independence’. Paper presented at the Jackson Hole Symposium, August 2013.
Stein, J. (2013) ‘Overheating in credit markets: Origins, measurement, and policy responses’, Speech at the ‘Restoring Household Financial Stability after the Great Recession: Why Household Balance Sheets Matter’ research symposium sponsored by the Federal Reserve Bank of St. Louis, St. Louis, Missouri.
Vandenbussche, J., Ursula, V. and Enrica, D. (2012). ‘Macroprudential policies and housing price’, IMF Working Papers, no 12/303.
1
Cited by

Save book to Kindle

To save this book to your Kindle, first ensure coreplatform@cambridge.org is added to your Approved Personal Document E-mail List under your Personal Document Settings on the Manage Your Content and Devices page of your Amazon account. Then enter the ‘name’ part of your Kindle email address below. Find out more about saving to your Kindle.

Note you can select to save to either the @free.kindle.com or @kindle.com variations. ‘@free.kindle.com’ emails are free but can only be saved to your device when it is connected to wi-fi. ‘@kindle.com’ emails can be delivered even when you are not connected to wi-fi, but note that service fees apply.

Find out more about the Kindle Personal Document Service.

Available formats
×

Save book to Dropbox

To save content items to your account, please confirm that you agree to abide by our usage policies. If this is the first time you use this feature, you will be asked to authorise Cambridge Core to connect with your account. Find out more about saving content to Dropbox.

Available formats
×

Save book to Google Drive

To save content items to your account, please confirm that you agree to abide by our usage policies. If this is the first time you use this feature, you will be asked to authorise Cambridge Core to connect with your account. Find out more about saving content to Google Drive.

Available formats
×