How might macroprudential capital policy affect credit conditions?

Rashmi Harimohan () and Benjamin Nelson
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Rashmi Harimohan: Bank of England

Bank of England Quarterly Bulletin, 2014, vol. 54, issue 3, 287-303

Abstract: Macroprudential capital policy is designed to make the financial system more resilient and reduce the likelihood and severity of financial crises. In doing so, it can have an impact on credit conditions and economic growth more generally. This article considers the effects on credit conditions over the near term. The direction and magnitude of those effects are likely to depend crucially on the state of the financial system and the economy as well as the way in which banks, financial investors and borrowers respond to changes in macroprudential capital policy.

Date: 2014
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