Series: IMF Working Papers
Author(s): Meghana Ayyagari , Thorsten Beck , and Maria Martinez Peria
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 07 December 2018
Keywords: Macroprudential policies and financial stability, Central banks and their policies, Balance sheets, Public enterprises, financial development; macroprudential policies; firm financing, financial development, macroprudential policies, firm financing, Financial Markets and the Macroeconomy, Government Policy and Regulation
Combining balance sheet data on 900,000 firms from 48 countries with information on the adoption of macroprudential policies during 2003-2011, we find that these policies are associated with lower credit growth. Th...