Macro-pru tools helped offset taper tantrum – paper

The Bank for International Settlements, Basel
The Bank for International Settlements, Basel
Ulrich Roth

Macro-prudential measures employed before the “taper tantrum” in 2013 helped to reduce the shock’s impact on cross-border lending, says research published by the Bank for International Settlements.

Can macroprudential measures make cross-border lending more resilient?, by Előd Takáts and Judit Temesvary, examines how cross-border lending growth changed before and after then-chairman Ben Bernanke revealed the US Federal Reserve Board planned to taper its asset purchases.

The authors say: “We

To continue reading...

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 here: