Effectiveness of Macroprudential Policies in Developing Asia: An Empirical Analysis
Lee, Minsoo; Asuncion, Ruben Carlo; Kim, Jungsuk | July 2015
Abstract
The global financial crisis highlighted the need for improving national bank supervisory authorities’
surveillance systems and detecting early on the buildup of macroeconomic risks. This paper presents
an empirical framework for analyzing how effective macroprudential policies control credit, leverage,
and housing price growth. Two findings emerge: (i) macroprudential policies can promote financial
stability in Asia and (ii) different types of macroprudential policies are effective against different types of
macroeconomic risks.
Citation
Lee, Minsoo; Asuncion, Ruben Carlo; Kim, Jungsuk. 2015. Effectiveness of Macroprudential Policies in Developing Asia: An Empirical Analysis. © Asian Development Bank. http://hdl.handle.net/11540/5078. License: CC BY 3.0 IGO.ISSN
2313-6537 (Print), 2313-6545 (e-ISSN)
Keywords
Macroeconomic
Macroeconomic Analysis
Performance Evaluation
Impact Evaluation
Economic indicators
Growth models
Gross domestic product
Macroeconomics
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http://hdl.handle.net/11540/5078Metadata
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