The response of major central banks to the global financial crisis has revived the debate
around the interactions between monetary policy (MP) and bank stability. This technical …

The collapse of the Spanish housing market during the global financial crisis highlighted the
dire consequences of house price overvaluation on the real economy and the banking …

The pre‐crisis low‐interest‐rate environment is raising concerns among researchers and
policymakers about its impact on the triangle prudential policy‐monetary policy‐bank's risk …

Based on a non-linear equilibrium model of the banking sector with an occasionally-binding
equity issuance constraint, we show that the economic impact of changes in bank capital …

We study the macroeconomic implications of non-bank financial institutions (NBFIs) in the
context of the 2022 UK gilt crisis and estimate the monetary policy spillovers of financial …

The numerous diagnostic studies and policy recommendations that exist for South Africa
typically focus on microeconomic constraints to growth. Higher potential growth certainly …

Online lending is a product of digital transformation, which has had a profound impact on the
traditional money market. This paper discusses the impact of peer-to-peer (P2P) online …

This study examines the impact of macroprudential policy (MaPP) on macroeconomic
conditions. Using data from 2004–2005 to 2019–2020, this study finds that increased use of …

This paper provides an assessment of the macroeconomic models regularly used for
forecasting and policy analysis in the Eurosystem. These include semi-structural, structural …

This article focuses on the long-running debate on whether and, if so, to what extent
monetary policy should “lean against the wind” by addressing financial imbalances in …