Prepared by R. Sean Craig (APD).
Financial Stability Report “Examination of Nonbank Financial Institutions’ Interest Rate Risk,” pages 114-23, June 2017, Bank of Korea
This finding is documented in the October 2017 GFSR Chapter 2 “Household Debt and Financial Stability,” which estimates a panel regression covering 34 countries.
This indicator was produced in Barth, James R., Gerard Caprio Jr., and Ross Levine. 2013. “Bank Regulation and Supervision in 180 Countries from1999 to 2011.” Journal of Financial Economic Policy (5).
Akinci, Ozge, and Jane Olmstead-Rumsey “How Effective are Macroprudential Policies? An Empirical Investigation,” Board of Governors of the Federal Reserve System, International Finance Discussion Papers, No. 1136, May 2015.
Reported in the October 2017 GFSR Chapter 2, “Household Debt and Financial Stability,” Box 2.5.; which also discussed findings in other cross countries studies.