Macro-pru helps dampen global shocks – BIS paper

Authors find capital controls are less effective than prudential tools at offsetting shocks

Globe

Macro-prudential regulation does a better job of shielding an economy from global financial shocks than capital controls, research published by the Bank for International Settlements finds.

The working paper presents “strong evidence” that emerging markets’ efforts to tighten macro-prudential policy have reduced the sensitivity of GDP growth to global shocks.

Authors Katharina Bergant, Francesco Grigoli, Niels-Jakob Hansen and Damiano Sandri explore several aspects of the “dampening effects”

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Register for Central Banking

All fields are mandatory unless otherwise highlighted

This address will be used to create your account

Most read articles loading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account

.