The roots of macroprudential policy and the risk-taking channel of monetary policy
Journal Title: Współczesna Gospodarka - Year 2017, Vol 8, Issue 4
Abstract
Purpose: the main objective of this manuscript is to confirm that since there is a direct link between macroprudential policies and monetary policy, it is worthwhile to analyze the inter-dependence with the risk-taking channel. Methodology: the analysis presented in this manuscript is based on an extensive literature review from reliable sources in order to support the research findings. Findings: The empirical research about macroprudential policies, as well as the conventional and unconventional monetary policies adopted by central banks since the 2008 financial crisis could be expanded by adding the credit shock and including Emerging Economies as part of the analysis. This interesting phenomenon could be investigated by estimating spillover effects associated to Advanced Economies’ monetary and prudential policies on Emerging Economies’ risk-taking channel.
Authors and Affiliations
Hernán Alzate
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