BIS paper studies early form of macro-pru policy

Netherlands Bank
The Netherlands Bank experimented with credit controls in the 1960s
Photo: Rachael King

Early experiments with macro-prudential policy in the Netherlands seem broadly to have succeeded, a working paper published by the Bank for International Settlements finds.

Authors Gabriele Galati, Jan Kakes and Richhild Moessner study the experience of the Netherlands Bank, which imposed credit controls from the 1960s to the early 1990s. They note studying historical experiences with macro-prudential policy can be useful given that empirical evidence on the tools’ recent use in advanced

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 [email protected] or view our subscription options here:

You are currently unable to copy this content. Please contact [email protected] to find out more.

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: