Macroprudential and monetary policies: The need to dance the Tango in harmony
Considering a sample of 37 emerging and advanced economies from 2000Q1 to 2014Q4, we empirically assess how effective macroprudential policies are in curbing domestic credit growth, and whether their effectiveness is affected by monetary policy conditions. We obtain three important results.
The evolution and heterogeneity of credit procyclicality in Central and Eastern Europe
This article presents empirical estimates of bank credit procyclicality for a sample of 11 Central and Eastern European countries (CEECs) for the period 2000Q1–2016Q4.
Energy Policy of Fossil Fuel Producing Countries: Does Global Energy Transition Matter?
The concept of energy transition can be interpreted in different ways depending on the nature of the agent involved. However, practitioners and existing literature agree that a country’s energy transition is the variation of fossil fuel share in the total primary energy supply (TPES).
External Fraud Risk Management seen from Luhmann’s Systemic Perspective and a Tentative Reading of Healthcare Insurance Companies’ Measures through this Perspective
This research explores the contribution of Niklas
Luhmann’s radical systemic sociology to External Fraud Risk
Management. To do this, we use two Luhmannian distinctions —
between risk and danger, and between confidence and trust — to
Financial instability and oil price fluctuations: evidence from oil exporting developing countries