02155cas a2200277 a 4500 AALejournalIMF017786 230101c9999 xx r poo 0 0eng d 5.00 USD 9781484310991 1018-5941 BD-DhAAL BD-DhAAL Kang, Heedon. Macroprudential Policy Spillovers : A Quantitative Analysis / Heedon Kang, Francis Vitek, Rina Bhattacharya, Phakawa Jeasakul. Washington, D.C. : International Monetary Fund, 2017. 1 online resource (45 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 This paper analyzes cross-border macrofinancial spillovers from a variety of macroprudential policy measures, using a range of quantitative methods. Event study and panel regression analyses find that liquidity and sectoral macroprudential policy measures often affect cross-border bank credit, whereas capital measures do not. This empirical evidence is stronger for tightening than for loosening measures, is distributed across credit leakage and reallocation effects, and is generally regionally concentrated. Consistently, structural model based simulation analysis indicates that output and bank credit spillovers from sectoral macroprudential policy shocks are generally small worldwide, but are regionally concentrated and economically significant for countries connected by strong trade or financial linkages. This simulation analysis also indicates that countercyclical capital buffer adjustments have the potential to generate sizeable regional spillovers. Mode of access: Internet Bhattacharya, Rina. Jeasakul, Phakawa. Vitek, Francis. IMF Working Papers; Working Paper ; No. 2017/170 Full text available on IMF http://elibrary.imf.org/view/journals/001/2017/170/001.2017.issue-170-en.xml IMF e-Library