BIS paper explores interaction of macro-pru and capital controls

Macro-prudential policy can “leak” at higher levels of financial development, authors find

Big data

New research published by the Bank for International Settlements explores how macro-prudential policy and capital controls interact, finding the tools’ effectiveness depends on financial development.

Yusuf Soner Baskaya, Ilhyock Shim and Philip Turner note the two types of policy are often used in conjunction, but tend to be studied separately. They argue this can lead to omitted variable bias in some other studies.

In their working paper, they use data on 39 economies to examine how domestic

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

.