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dc.contributor.authorMalmierca Ordoqui, María
dc.identifier.citationMalmierca, M: International financial positions and macroprudential policy, International Review of Economics & Finance, Volume 76, 2021, Pages 1034-1062.
dc.description.abstractThe increasing financial integration in the Euro Area brings numerous advantages for the national and worldwide economies. However, it also entails the risk of fast crisis contagion and widespread economic and financial destabilization. Thus, there is an important role for macroprudential policy in this context, to ensure a sustainable and stable financial integration. But the economic and financial stabilization properties and spillovers of macroprudential regulation vary across borders. Using a two-country new Keynesian model for a monetary union I find that the international financial positions of the economies might determine the macroprudential policy effects after a symmetric financial
dc.titleInternational financial positions and macroprudential policyes
dc.typejournal articlees
dc.journal.titleInternational Review of Economics & Financees
dc.rights.accessRightsmetadata only accesses
dc.subject.areaEconomía Aplicadaes

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