| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP16860 |
| DP16860 Macro-financial policy in an international financial centre: the United Kingdom experience since the global financial crisis | |
| Thorsten Beck; Simon Lloyd; Dennis Reinhardt | |
| 发表日期 | 2022-01-05 |
| 出版年 | 2022 |
| 语种 | 英语 |
| 摘要 | We describe the macroprudential and monetary policy environment in the United Kingdom (UK). We highlight the UK’s position as an international financial centre, and the implications for inward and outward spillover effects of monetary and prudential policy actions. These spillovers pose particular opportunities and challenges for policymakers, and we explain how they have motivated specific developments to the Bank of England’s modelling framework. We also present novel empirical evidence that monetary policy actions in the UK have outward spillover effects through cross-border lending that can, in part, be mitigated by macroprudential actions in receiving countries. |
| 主题 | Financial Economics |
| 关键词 | Macroprudential policy Spillover effects International financial centre Cross-border banking flows |
| URL | https://cepr.org/publications/dp16860 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/545785 |
| 推荐引用方式 GB/T 7714 | Thorsten Beck,Simon Lloyd,Dennis Reinhardt. DP16860 Macro-financial policy in an international financial centre: the United Kingdom experience since the global financial crisis. 2022. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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