Countries are making more active use of macroprudential tools than in the past with the goal
of improving the resilience of their broader financial systems. A growing body of evidence …

Over the last two decades, the unprecedented increase in non-bank financial intermediation,
particularly the rise of open-end mutual funds and exchange-traded funds, accounts for …

The sensitivities of the main global liquidity components, international loan and bond flows,
to global factors varied considerably over the past decade. The estimated sensitivity to US …

The development of macroprudential policy tools has been one of the most significant
changes in banking regulation in recent years. In this multi-study initiative of the International …

We use a new data set on macroprudential foreign exchange (FX) regulations to evaluate
their effectiveness and unintended consequences. Our results support the predictions of a …

The effects of macroprudential policy on portfolio flows vary considerably across the global
financial cycle. A tighter ex-ante macroprudential stance amplifies the impact of global risk …

This paper discusses the scope for international macroprudential policy coordination in a
financially integrated world economy. It begins with a review of the transmission channels …

This paper examines the drivers of the retrenchment in cross-border banking in the
European Union (EU) since the global financial crisis, which stands out in international …

In this paper, we provide empirical evidence about the response of macroprudential policy to
financial risks, as well as the broader macroeconomic effects of macroprudential policy and …

We analyse how macroprudential policies (MaPs), largely applied to banks and to a lesser
extent borrowers, affect non-bank financial intermediation (NBFI). Using data for 24 of the …