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 …

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 …

Despite the progress made on the empirical front, normative analyses are still lacking when
it comes to foreign currency intermediation (partial dollarization of the domestic banking …

This report elucidates the risk channels for EU economies associated with international
financial integration and provides an overview of the macroprudential policy options that are …

In Norse mythology, the god Thor wielded a fearsome hammer named Mjölnir—a tool that
created thunder when struck and was critical to Thor's victories over his many rivals. Thor's …

Assessing the Effectiveness of Currency-Differentiated Tools: The Case of Reserve
Requirements Page 1 Assessing the Effectiveness of Currency-Differentiated Tools: The Case …

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

Macroprudential FX regulation may reduce systemic risk; however, little is known about its
unintended consequences. I propose a theoretical mechanism in which currency mismatch …