How do institutional settings condition the effect of macroprudential policies on bank systemic risk?

Nicholas Apergis*, Ahmet F. Aysan, Yassine Bakkar

*Corresponding author for this work

Research output: Contribution to journalArticlepeer-review

11 Citations (Scopus)

Abstract

This paper investigates the impact of different country-traits of the effects of macroprudential policies on systemic risks in OECD countries. The analysis documents that institutional quality, high capital stringency, and moderate supervision support macroprudential policies in mitigating systemic risks, depending on macroprudential instruments in force. Institutional, regulatory and supervisory frameworks differently affect the effectiveness of lender- vis-à-vis borrower-targeted policies.

Original languageEnglish
Article number110123
JournalEconomics Letters
Volume209
DOIs
Publication statusPublished - Dec 2021

Keywords

  • Bank regulation
  • Institutional settings
  • Macroprudential policy
  • Systemic risks

Fingerprint

Dive into the research topics of 'How do institutional settings condition the effect of macroprudential policies on bank systemic risk?'. Together they form a unique fingerprint.

Cite this