Macro-prudential policies should apply to shadow banking sector, researchers argue

imf-2
The IMF

Macro-prudential regimes should be extended to cover the shadow banking sector, a working paper published by the International Monetary Fund argues. Some existing macro-prudential policies are raising demand for non-bank credit, which limits their effectiveness, a group of researchers argues.

Janko Cizel, Jon Frost, Aerdt Houben, and Peter Wierts believe their paper is the first to investigate whether macro-prudential policies lead to cross-sector credit substitution effects.

The authors look at

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

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

.