 | Central Bank Digital Currency:Implications for Financial Stability and Central Bank Policy Choices Author/Editor: Romain Bouis, R G Gelos, Paavo A Miettinen, Erlend Nier, Gabriel Soderberg. Release Date:March, 2023
| Price: $20.00
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| Review of The Institutional View on The Liberalization and Management of Capital Flows — Background Note on Capital Flows and Capital Flow Management Measures — Benefits and Costs Author/Editor: Gurnain Kaur Pasricha, Erlend Nier. Release Date:March, 2022 The Fund's Institutional View (IV) recognizes the benefits of and risks associated with capital flows. Since the IV was adopted, a growing literature has provided additional insights into the more...
| Price: $5.00
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| Review of The Institutional View on The Liberalization and Management of Capital Flows — Background Note on Principles for the Design of Measures to Address Systemic Risks from FX Mismatches Author/Editor: Heedon Kang, Paavo A Miettinen, Erlend Nier, Thorvardur Tjoervi Olafsson, Gurnain Kaur Pasricha. Release Date:March, 2022 This note describes the key principles for the design and implementation of preemptive CFM/MPMs. These measures should be designed to be effective—so they achieve their intended goal and are not more...
| Price: $5.00
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 | Exchange Rates and Domestic Credit—Can Macroprudential Policy Reduce the Link? Author/Editor: Erlend Nier, Thorvardur Tjoervi Olafsson, Yuan Gao Rollinson. Release Date:September, 2020 This paper examines empirically the role of macroprudential policy in addressing the effects of external shocks on financial stability. In a sample of 62 economies over the period of 2000: Q1–2016: more...
| Price: $5.00
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| Leaning Against the Wind: A Cost-Benefit Analysis for an Integrated Policy Framework Release Date:July, 2020 This paper takes a new approach to assess the costs and benefits of using different policy tools—macroprudential, monetary, foreign exchange interventions, and capital flow management—in response to more...
| Price: $20.00
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| Debt Service and Default: Calibrating Macroprudential Policy Using Micro Data Author/Editor: Erlend Nier, Radu Popa, Maral Shamloo, Liviu Voinea. Release Date:August, 2019 We provide empirical evidence to support the calibration of a limit on household indebtedness levels, in the form of a cap on the debt-service-to-income (DSTI) ratio, in order to reduce the more...
| Price: $18.00
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| Digging Deeper--Evidence on the Effects of Macroprudential Policies from a New Database Author/Editor: Zohair Alam, Adrian Alter, Jesse Eiseman, R G Gelos, Heedon Kang, Machiko Narita, Erlend Nier, Naixi Wang. Release Date:March, 2019 This paper introduces a new comprehensive database of macroprudential policies, which combines information from various sources and covers 134 countries from January 1990 to December 2016. Using more...
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| Macroeconomic Management When Policy Space is Constrained : A Comprehensive, Consistent and Coordinated Approach to Economic Policy Author/Editor: Vitor Gaspar, Maurice Obstfeld, Ratna Sahay, Douglas Laxton, Dennis P Botman, Kevin Clinton, Romain A Duval, Kotaro Ishi, Zoltan Jakab, Laura Jaramillo, Constant A Lonkeng Ngouana, Tommaso Mancini Griffoli, Joannes Mongardini, Susanna Mursula, Erlend Nier, Yulia Ustyugova, Hou Wang, Oliver Wuensch. Release Date:September, 2016 The recovery in GDP growth since the global financial crisis has been halting and weak. Concern is widespread that countercyclical policies have run out of space or lack the power to raise growth or more...
| Price: $10.00
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| Preventing the Next Financial Crisis Author/Editor: Erlend Nier, Gregg Forte. Release Date:April, 2016 The financial crisis that began in 2007 brought much of the global economy to its knees and nearly triggered another Great Depression. The financial storm gradually died down in 2009, at least in the more...
| Price: $10.00
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| Gross Private Capital Flows to Emerging Markets: Can the Global Financial Cycle Be Tamed? Author/Editor: Erlend Nier, Tahsin Saadi Sedik, Tomas Mondino. Release Date:October, 2014 This paper assesses empirically the key drivers of private capital flows to a large sample of emerging market economies in the last decade. It analyzes the effect of the global financial cycle, more...
| Price: $18.00
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