Does Macro-Pru Leak? Evidence from a UK Policy Experiment
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The regulation of bank capital as a means of smoothing the credit cycle is a central element of forthcoming macro-prudential regimes internationally. For such regulation to be effective in controlling the aggregate supply of credit it must be the case that: (i) changes in capital requirements affect
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美国国家经济研究局创建时间：
2012-02-01
