How Long to Read The Effectiveness of Borrower-Based Macroprudential Measures: a Quantitative Analysis for Slovakia

How Long Does it Take to Read The Effectiveness of Borrower-Based Macroprudential Measures: a Quantitative Analysis for Slovakia?

It takes the average reader and 38 minutes to read The Effectiveness of Borrower-Based Macroprudential Measures: a Quantitative Analysis for Slovakia by Pavol Jurca

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Description

We develop a semi-structural quantitative framework that combines micro and macroeconomic data to assess the effectiveness of combinations of borrower-based macroprudential measures in Slovakia. We expand on the integrated dynamic household balance sheet model of Gross and Población (2017) by introducing an endogenous loan granting feature, in turn to quantify the potential (ex-ante) impact of macroprudential measures on resilience parameters, compared with a counterfactual no-policy scenario, under adverse macroeconomic conditions. We conclude that (1) borrower-based measures can noticeably improve household and bank resilience to macroeconomic downturns, in particular when multiple measures are applied; (2) those measures tend to complement each other, as the impact of individual instruments is transmitted via different channels; and (3) the resilience benefits are more sizeable if the measures effectively limit the accumulation of risks before an economic downturn occurs, suggesting that an early, preemptive implementation of borrower-based measures is indeed warranted.

How long is The Effectiveness of Borrower-Based Macroprudential Measures: a Quantitative Analysis for Slovakia?

The Effectiveness of Borrower-Based Macroprudential Measures: a Quantitative Analysis for Slovakia by Pavol Jurca is 37 pages long, and a total of 9,509 words.

This makes it 12% the length of the average book. It also has 12% more words than the average book.

How Long Does it Take to Read The Effectiveness of Borrower-Based Macroprudential Measures: a Quantitative Analysis for Slovakia Aloud?

The average oral reading speed is 183 words per minute. This means it takes and 51 minutes to read The Effectiveness of Borrower-Based Macroprudential Measures: a Quantitative Analysis for Slovakia aloud.

What Reading Level is The Effectiveness of Borrower-Based Macroprudential Measures: a Quantitative Analysis for Slovakia?

The Effectiveness of Borrower-Based Macroprudential Measures: a Quantitative Analysis for Slovakia is suitable for students ages 8 and up.

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