Adapting macroprudential policies to global liquidity conditions

Adapting macroprudential policies to global liquidity conditions

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The global financial crisis that erupted in 2007 has had intellectual repercussions as well as large economic costs. Recent events in the advanced economies especially the capital flow reversals and the looming banking sector crises in Europe have shaken the conviction that traditional yardsticks of...

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Autor principal: Song Shin, Hyun
Formato: Artículo
Lenguaje:eng
Publicado: Banco Central de Chile 2019
Materias:
MACROECONOMÍA
LIQUIDEZ (ECONOMÍA)
CRISIS ECONÓMICA 2008
Acceso en línea:https://hdl.handle.net/20.500.12580/3794
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spelling oai-20.500.12580-37942021-04-24T11:07:06Z Adapting macroprudential policies to global liquidity conditions Song Shin, Hyun MACROECONOMÍA LIQUIDEZ (ECONOMÍA) CRISIS ECONÓMICA 2008 The global financial crisis that erupted in 2007 has had intellectual repercussions as well as large economic costs. Recent events in the advanced economies especially the capital flow reversals and the looming banking sector crises in Europe have shaken the conviction that traditional yardsticks of financial development such as the ratio of commercial bank assets to GDP or of financial integration such as cross-border claims and liabilities as a proportion of GDP. And yet those same measures of financial integration and financial development that were held up as the yardsticks of progress have instead turned out to be the engines of financial distress as capital flow reversals have gathered pace in Europe. In contrast it has been the emerging economies with what were presumed to be 'weak institutions' that have managed to weather the storm best. 2019-11-01T00:06:34Z 2019-11-01T00:06:34Z 2014 Artículo 978-956-7421-43-5 https://hdl.handle.net/20.500.12580/3794 eng Series on Central Banking Analysis and Economic Policies no. 18 Attribution-NonCommercial-NoDerivs 3.0 Chile http://creativecommons.org/licenses/by-nc-nd/3.0/cl/ .pdf Sección o Parte de un Documento p. 25-67 application/pdf Banco Central de Chile
institution Banco Central
collection Banco Central
language eng
topic MACROECONOMÍA
LIQUIDEZ (ECONOMÍA)
CRISIS ECONÓMICA 2008
spellingShingle MACROECONOMÍA
LIQUIDEZ (ECONOMÍA)
CRISIS ECONÓMICA 2008
Song Shin, Hyun
Adapting macroprudential policies to global liquidity conditions
description The global financial crisis that erupted in 2007 has had intellectual repercussions as well as large economic costs. Recent events in the advanced economies especially the capital flow reversals and the looming banking sector crises in Europe have shaken the conviction that traditional yardsticks of financial development such as the ratio of commercial bank assets to GDP or of financial integration such as cross-border claims and liabilities as a proportion of GDP. And yet those same measures of financial integration and financial development that were held up as the yardsticks of progress have instead turned out to be the engines of financial distress as capital flow reversals have gathered pace in Europe. In contrast it has been the emerging economies with what were presumed to be 'weak institutions' that have managed to weather the storm best.
format Artículo
author Song Shin, Hyun
author_facet Song Shin, Hyun
author_sort Song Shin, Hyun
title Adapting macroprudential policies to global liquidity conditions
title_short Adapting macroprudential policies to global liquidity conditions
title_full Adapting macroprudential policies to global liquidity conditions
title_fullStr Adapting macroprudential policies to global liquidity conditions
title_full_unstemmed Adapting macroprudential policies to global liquidity conditions
title_sort adapting macroprudential policies to global liquidity conditions
publisher Banco Central de Chile
publishDate 2019
url https://hdl.handle.net/20.500.12580/3794
work_keys_str_mv AT songshinhyun adaptingmacroprudentialpoliciestogloballiquidityconditions
_version_ 1718346334087413760

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