Przeglądaj według tematu "G21"

Wyświetlanie pozycji 1-3 z 3

    • Larger crises cost more: impact of banking sector instability on output growth 

      Serwa, Dobromił (2008-03-25)
      We propose a method for calculating the macroeconomic costs of banking crises that controls for the downward impact of recessions on banking activity. In contrast to earlier research, we estimate the cost of crises based ...

    • On the limits of macroprudential policy 

      Marcin, Kolasa (2016-02)
      This paper studies how macroprudential policy tools can complement the interest rate-based monetary policy in achieving a selection of dual stabilization objectives. We show analytically in a canonical New Keynesian model ...

    • Equilibrium foreign currency mortgages 

      Kolasa, Marcin (2016-12)
      This paper proposes a novel explanation for why foreign currency denominated loans to households have become so popular in some emerging economies. Our argument is based on what we call the debt limit channel, which arises ...