해외동향 | The impact of macroprudential policies and their interaction with monetary policy | 한국금융연구원

[LHKOREA]

2017-05-16 일자 [제 17-37 호]

The impact of macroprudential policies and their interaction with monetary policy: an empirical analysis using credit registry data
BIS (2017-05-08)

This paper summarises the results of a joint research project by eight central banks in the Americas region to eval‎uate the effectiveness of macroprudential tools and their interaction with monetary policy. In particular ..  more

Safe Assets
AEI (2017-05-08)

A safe asset’s real value is insulated from shocks, including declines in GDP from rare macroeconomic disasters.  However, in a Lucas-tree world, the aggregate risk is given by the process for GDP and cannot be ..  more

Reinventing small and medium-size business banking in the US
McKinsey (2017-05-15)

US bank lending to SMBs has been flat in recent years, while alternative lenders have seen robust growth. If banks do not move quickly to engage with SMBs digitally, they risk losing even more share of the market to fint ..  more

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Do minimum wage increases influence worker health?	AEI
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Small business, big attraction: Can small business banking be personal?	BAI
Don't wait, start CECL implementation now	BAI
How customer data brings fresh air to wallet share	BAI
Three tactics to best utilize data and behavioral analytics	BAI
Three ways to challenge FinTech gains on consumer loans	BAI
Global Capital Markets 2017: Mastering the Value Migration	Boston Consulting
Considering the budget resolution in the Senate: Challenges and consequences of reform	Brookings
Combining good business and good development: Evidence from IFC operations	Brookings
ARF to the Forefront: Promoting Cybersecurity CBMs in the Asia-Pacific	CSIS
Global risk management survey	Deloitte
Borrowers in Search of Feedback: Evidence from Consumer Credit Markets	FRB
GDP Trend-cycle Decompositions Using State-level Data	FRB
Internal Liquidity Management and Local Credit Provision	FRB
The Decline in Asset return Predictability and Macroeconomic Volatility	FRB
Is Inflation Default? The Role of Information in Debt Crises	FRB of Chicago
Non-Default Loss Allocation at CCPs	FRB of Chicago
A Theory of Sticky Rents: Search and Bargaining with Incomplete Information	FRB of Cleveland
Evidence on the Production of Cognitive Achievement from Moving to Opportunity	FRB of Cleveland
Growing Up without Finance	FRB of Cleveland
Organizations, Skills, and Wage Inequality	FRB of Cleveland
(A)symmetric Information Bubbles: Experimental Evidence	FRB of Dallas
Global Commodity Prices and Global Stock Volatility Shocks: Effects across Countries	FRB of Dallas
Managing Fraud in Remote Payments	FRB of Kansas
Safety, Liquidity, and the Natural Rate of Interest	FRB of New York
Identification Through Heterogeneity	FRB of Philadelphia
Where Do Students Go When For-Profit Colleges Lose Federal Aid?	FRB of Philadelphia
An Estimated Structural Model of Entrepreneurial Behavior	FRB of Richmond
Estimation of the discontinuous leverage effect: Evidence from the NASDAQ order book	FRB of St. Louis
Consumer Protection Predates the Consumer Financial Protection Bureau	Heritage
Glass-Steagall Separation Did Not and Will Not Make Markets Safer	Heritage
The Trump Administration Must Recognize the Dangers of Premature Negotiations with North Korea	Heritage
The Dynamics of Government Bond Yields in the Eurozone	Levy
Assistance & service offerings as a game changer in a transforming insurance industry	McKinsey
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Reinventing small and medium-size business banking in the US	McKinsey
Digital Labor Markets and Global Talent Flows	NBER
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The Distributional Consequences of Large Deval‎uations	NBER
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Exchange rate regime and external adjustment: an empirical investigation for the U.S	Bank of Spain
Immigration and the macroeconomy: some new empirical evidence	Bank of Spain
Central Asia at 25	Bruegel
Corporate Leverage and Employees' Rights in Bankruptcy	Centre for Economic Policy Research
Financial Conglomerate Affiliated Hedge Funds: Risk Taking Behavior and Liquidity Provision	Centre for Economic Policy Research
Imperfect Financial Markets and Shareholder Incentives in Partial and General Equilibrium	Centre for Economic Policy Research
The Fiscal-Monetary Policy Mix in the Euro Area: Challenges at the Zero Lower Bound	Centre for Economic Policy Research
Trend TFP Growth in the United States: Forecasts versus Outcomes	Centre for Economic Policy Research
Adapting to Radical Change: The Benefits of Short-Horizon Investors	Centre for Economic Policy Research
Are risk-based capital requirements detrimental to corporate lending? Evidence from Europe	Centre for Economic Policy Research
Bank sectoral concentration and (systemic) risk: Evidence from a worldwide sample of banks	Centre for Economic Policy Research
How Important are Spillovers from Major Emerging Markets?	Centre for Economic Policy Research
Model Uncertainty in Macroeconomics: On the Implications of Financial Frictions	Centre for Economic Policy Research
Monetary Policy at Work: Security and Credit Application Registers Evidence	Centre for Economic Policy Research
Systematic Monetary Policy and the Macroeconomic Effects of Shifts in Loan-to-Value Ratios	Centre for Economic Policy Research
Banks and Environmental Sustainability: Some reflections from the perspective of financial stability	CEPS
Macron's victory brings new hope across Europe on several fronts	CEPS
Reflections on Brexit and its Implications for Ireland	CEPS
The Eurasian Economic Union: Deals, Rules and the Exercise of Power	Chatham House
Interest rate risk of life insurers - evidence from accounting data	Deutsche Bundesbank
Bid-to-cover and yield changes around public debt auctions in the euro area	ECB
Does marketing widen borders? Cross-country price dispersion in the European car market	ECB
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Learning from prices: amplification and business fluctuations	ECB
Spillovers among sovereign debt markets: identification by absolute magnitude restrictions	ECB
The use of the Eurosystem's monetary policy instruments and operational framework since 2012	ECB
Wage bargaining regimes and firms' adjustments to the Great Recession	ECB
Output gap, monetary policy trade-offs and financial frictions	Norges Bank
Eval‎uating Regulation within an Artificial Financial System? A Framework and its Application to the Liquidity Coverage Ratio Regulation	ZEW

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Banking on the Future of Asia and the Pacific: 50 Years of the Asian Development Bank	ADB
The Evolving Multilayered Global Financial Safety Net: The Case of the Association of Southeast Asian Nations+3 Regional Financial Safety Net and the International Monetary Fund	ADBI
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미국 핀테크의 인공지능 활용 현황과 과제 (in Japanese)	IPA
FinTech에 대한 대응 - 일본의 은행법 개정안과 향후 과제 (in Japanese)	KPMG Japan
인도네시아 생명보험시장 (in Japanese)	NLI Research Institute
일본 금융청의 고객중심 업무운영에 관한 원칙 발표에 관하여 (in Japanese)	PwC Japan
Bank-Firm Relationship and Small Business Innovation	RIETI
연금과 고령자 취업: 패널데이터 분석 (in Japanese)	RIPPA

제 목	발행기관
Global value chains and effective exchange rates at the country-sector level	BIS
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Prudential policies and their impact on credit in the United States	BIS
The impact of macroprudential housing finance tools in Canada	BIS
The impact of macroprudential policies and their interaction with monetary policy: an empirical analysis using credit registry data	BIS
The impact of warnings published in a financial stability report on loan-to value ratios	BIS
Achieving the Sustainable Development Goals in South Asia: Key Policy Priorities and Implementation Challenges	ESCAP
Asia-Pacific Countries with Special Needs Development Report 2017	ESCAP
Unlocking the Potential of Regional Economic Cooperation and Integration in South Asia: Potential, Challenges and the Way Forward	ESCAP
Coherent financial cycles for G-7 countries: Why extending credit can be an asset	ESRB
Compressing over-the-counter markets	ESRB
Global Shadow Banking Monitoring Report 2016	FSB
Collateral Reuse and Balance Sheet Space	IMF
Debt Sustainability in Low-Income Countries : Policies, Institutions, or Shocks?	IMF
International Financial Integration in the Aftermath of the Global Financial Crisis	IMF
Bank Balance Sheets and the Value of Lending	IMF
Can They Do It All? Fiscal Space in Low-Income Countries	IMF
Eval‎uating the Impact of IMF Nonfinancial Programs Using the Synthetic Control Method	IMF
Farms, Fertiliser, and Financial Frictions : Yields from a DSGE Model	IMF
Investing in Public Infrastructure : Roads or Schools?	IMF
Lasso Regressions and Forecasting Models in Applied Stress Testing	IMF
Multivariate Filter Estimation of Potential Output for the United States	IMF
Taking Stock : Who Benefited from the Oil Price Shocks?	IMF
Variance Decomposition Networks : Potential Pitfalls and a Simple Solution	IMF
The impact of energy taxes on the affordability of domestic energy	OECD
The impact of structural reforms on productivity : The role of the distance to the technological frontier	OECD
The Next Production Revolution - Implications for Governments and Business	OECD
Enhancing transparency of climate finance under the Paris Agreement	OECD
OECD Skills Outlook 2017	OECD
New innovation approaches to support the implementation of the Sustainable Development Goals	UNCTAD
Do countries learn from experience in infrastructure PPP ? PPP practice and contract cancellation	World Bank
Industrial policy, information, and government capacity	World Bank
Commodity Markets Outlook	World Bank
Industrial policies vs public goods under asymmetric information	World Bank
The misallocation of pay and productivity in the public sector : evidence from the labor market for teachers	World Bank
Who serves the poor ? surveying civil servants in the developing world	World Bank

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Japan May Rekindle Its Love Affair With French Bonds	Bloomberg
Luxembourg Lurks in Dark as Regulators Light Up Shadow Banking	Bloomberg
Europe Ought to Seize the Macron Moment	Bloomberg
If Trump Is Making America Great Again	Bloomberg
Senate Republicans Plan Health Bill That Keeps Some of Obamacare	Bloomberg
South Korea Poised for Change After Months of Political Upheaval	Bloomberg
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India needs to curb borrowing by profligate state governments	Economist
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Europe needs true fiscal integration	Economist
Emmanuel Macron is elected as the next president of France	Economist
The worlds most valuable resource is no longer oil but data	Economist
Japan producer inflation ratchets up in April	FT
The vision of a closer Europe is retreating to the core	FT
Japan current account surplus hits 9 year high	FT
Opec faces tough challenge reducing oil inventory overhang	FT
Global ETF assets reach $4tn	FT
South Korea votes for a fresh face and reform	FT
Brexit process will expose basic weakness in European banking	FT
Goldman shakes up investment bank leadership	FT
China credit squeeze dents global growth	FT
Goldman Sachs wins largest concessions on Volcker rule	FT
Trump aims for an industrial policy that works for America	FT
Wall Streets hopes for deregulation switch from laws to watchdogs	FT
Chinese Banks Rattled by Regulatory Blitz	WSJ
Cyberattack Is Likely to Keep Spreading	WSJ
China Bonds Send Fresh Stress Signal	WSJ
The One Bond Market Where Yields are Still at Record Lows	WSJ
Commodity Bulls Gird for Another Run	WSJ
OECD Tempers Global Growth Expectations	WSJ
EU Encourages Trump Administration to Support Climate Deal	WSJ
Investors Shift Bets From US Stocks to Europe at Fast Clip	WSJ
Chinas Foreign Exchange Reserves Swell to $3.03 Trillion Beating Forecasts	WSJ
Emmanuel Macron Wins French Presidency	WSJ
Euro Gains Leaving Political Concerns Behind to Focus on Growth	WSJ
Trumps Fiscal Plans Feds Asset Unwinding Could Fuel Rate Rise	WSJ