In this paper, we study how the use of macroprudential policy instruments is associated with
bank funding costs. To accomplish this, we develop several macroprudential indices based …

We propose a dynamic factor model with time-varying parameters and stochastic volatility to
analyze the relationship between global factors and country-specific capital flow dynamics …

This paper examines Chinese monetary policy spillovers on its international portfolio
investment flows with a factor-augmented vector autoregression (FAVAR) model. The paper …

We investigate the impact of macroprudential regulations on systemic risk in Chinese banks.
Applying the approach of unconditional quantile regressions to a panel dataset of major …

This paper gives an overview on the use of macroprudential policy measures (MPMs) and
capital flow management measures (CFMs) by emerging economies, and reviews literature …

We analyse why conventional monetary policy tightening in the euro area leads to a
deterioration of output in Central‐, East and Southeastern Europe (CESEE). Our findings …

In this paper, we study the impairment in monetary policy caused by different forms of global
financial cycles. We find that while both equity inflows and outflows cycles do exert influence …

Capital inflows may lead to financial vulnerabilities by fuelling domestic credit booms, the so-
called “capital flows-credit growth nexus”, which is of particular importance for emerging …

This paper documents the emergence of a regional financial cycle in Asia, evidenced by
commonality in regional bank flows, and its impact on domestic credit. Using a dataset of …

The Role of Crises in Shaping Financial Systems: From the Global Financial Crisis to COVID-
19 underscores the role of crises as turning points for the financial sector and its interactions …