01830cas a2200265 a 4500 AALejournalIMF015104 230101c9999 xx r poo 0 0eng d 5.00 USD 9781498321051 1018-5941 BD-DhAAL BD-DhAAL Cerutti, Eugenio. The Use and Effectiveness of Macroprudential Policies : New Evidence / Eugenio Cerutti, Stijn Claessens, Luc Laeven. Washington, D.C. : International Monetary Fund, 2015. 1 online resource (43 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students Using a recent IMF survey and expanding on previous studies, we document the use of macroprudential policies for 119 countries over the 2000-13 period, covering many instruments. Emerging economies use macroprudential policies most frequently, especially foreign exchange related ones, while advanced countries use borrower-based policies more. Usage is generally associated with lower growth in credit, notably in household credit. Effects are less in financially more developed and open economies, however, and usage comes with greater cross-border borrowing, suggesting some avoidance. And while macroprudential policies can help manage financial cycles, they work less well in busts. Mode of access: Internet Claessens, Stijn. Laeven, Luc. IMF Working Papers; Working Paper ; No. 2015/061 Full text available on IMF http://elibrary.imf.org/view/journals/001/2015/061/001.2015.issue-061-en.xml IMF e-Library