January 2019 – ESRB Advisory Scientific Committee will award the “Ieke van den Burg Prize for Research on Systemic Risk”

The European Systemic Risk Board (ESRB) is an EU body with a mission to prevent and mitigate systemic risks to financial stability. The ESRB is chaired by the President of the European Central Bank, Mario Draghi, and its membership incorporates central banks and microprudential supervisors from across the EU. The ESRB also comprises an Advisory[…]

BIS Working Paper – Global Banking, Financial Spillovers, and Macroprudential Policy Coordination

Authors: Pierre-Richard Agénor and Luiz Awazu Pereira da Silva Date: January 2019 Abstract: The gains from international macroprudential policy coordination are studied in a two-region, core-periphery macroeconomic model with imperfect financial integration and cross-border banking. Financial frictions occur at two levels: between firms and banks in each region, and between periphery banks and a global[…]