Pregled bibliografske jedinice broj: 881927
Effectiveness of Macroprudential Policies in Central and Eastern European Countries
Effectiveness of Macroprudential Policies in Central and Eastern European Countries // Proceedings of the Twelfth International Conference: "Innovative Responses for Growth and Competitiveness", 17 - 19 May 2017, Bol - Island Brač, Croatia / - (ur.).
Split: Ekonomski fakultet Sveučilišta u Splitu, 2017. str. 1-15 (predavanje, međunarodna recenzija, cjeloviti rad (in extenso), znanstveni)
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Naslov
Effectiveness of Macroprudential Policies in Central and Eastern European Countries
Autori
Dumičić, Mirna
Vrsta, podvrsta i kategorija rada
Radovi u zbornicima skupova, cjeloviti rad (in extenso), znanstveni
Izvornik
Proceedings of the Twelfth International Conference: "Innovative Responses for Growth and Competitiveness", 17 - 19 May 2017, Bol - Island Brač, Croatia
/ - Split : Ekonomski fakultet Sveučilišta u Splitu, 2017, 1-15
Skup
The Twelfth International Conference: "Innovative Responses for Growth and Competitiveness", 17 - 19 May 2017, Bol - Island Brač, Croatia
Mjesto i datum
Bol, Hrvatska, 17.05.2017. - 19.05.2017
Vrsta sudjelovanja
Predavanje
Vrsta recenzije
Međunarodna recenzija
Ključne riječi
macroprudential policy, financial stability, credit growth, systemic risk, CEE countries
Sažetak
This paper extends the available datasets on the use of macroprudential policies in CEE countries, and provides an econometric assessment of the effectiveness of these policies in mitigating financial stability risks associated with excessive credit growth before the global financial crisis. The model results imply that macroprudential policies were more effective in slowing credit to households than credit to the non-financial corporate sector, mainly because the latter had access to non-bank and cross-border credit in addition to domestic bank credit.
Izvorni jezik
Engleski
Znanstvena područja
Ekonomija
Napomena
This work has been partially supported by Croatian Science Foundation under the project STatistical Modelling for REspoNse to Crisis and Economic GrowTH in WeStern Balkan Countries -STRENGTHS (project no. IP-2013-9402).
