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https://doi.org/10.3326/pse.42.1.1

Effectiveness of macroprudential policies in Central and Eastern European countries

Mirna Dumičić ; Croatian National Bank, Zagreb, Croatia

Puni tekst: engleski, pdf (405 KB) str. 1-19 preuzimanja: 311* citiraj
APA 6th Edition
Dumičić, M. (2018). Effectiveness of macroprudential policies in Central and Eastern European countries. Public Sector Economics, 42 (1), 1-19. https://doi.org/10.3326/pse.42.1.1
MLA 8th Edition
Dumičić, Mirna. "Effectiveness of macroprudential policies in Central and Eastern European countries." Public Sector Economics, vol. 42, br. 1, 2018, str. 1-19. https://doi.org/10.3326/pse.42.1.1. Citirano 22.09.2020.
Chicago 17th Edition
Dumičić, Mirna. "Effectiveness of macroprudential policies in Central and Eastern European countries." Public Sector Economics 42, br. 1 (2018): 1-19. https://doi.org/10.3326/pse.42.1.1
Harvard
Dumičić, M. (2018). 'Effectiveness of macroprudential policies in Central and Eastern European countries', Public Sector Economics, 42(1), str. 1-19. https://doi.org/10.3326/pse.42.1.1
Vancouver
Dumičić M. Effectiveness of macroprudential policies in Central and Eastern European countries. Public Sector Economics [Internet]. 2018 [pristupljeno 22.09.2020.];42(1):1-19. https://doi.org/10.3326/pse.42.1.1
IEEE
M. Dumičić, "Effectiveness of macroprudential policies in Central and Eastern European countries", Public Sector Economics, vol.42, br. 1, str. 1-19, 2018. [Online]. https://doi.org/10.3326/pse.42.1.1

Sažetak
This paper extends the available datasets on the use of macroprudential policies in CEE countries, and provides an econometric assessment of the effectiveness of these policies in mitigating financial stability risks associated with excessive credit growth before the global financial crisis. The model results imply that macroprudential policies were more effective in slowing credit to households than credit to the non-financial corporate sector, mainly because the latter had access to nonbank and cross-border credit in addition to domestic bank credit.

Ključne riječi
macroprudential policy; financial stability; credit growth; systemic risk; CEE countries

Hrčak ID: 195242

URI
https://hrcak.srce.hr/195242

Posjeta: 422 *