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Does Effectiveness of Macroprudential Policies on Banking Crisis Depend on Institutional Structure?

Author

Listed:
  • Aytul Ganioglu

Abstract

The question of why some countries suffer from crises, while some others can escape from them, is challenging. Empirical evidence suggests that countries with stronger financial institutions are more durable to the wind of crises. In this paper, we investigate empirically whether the link between the supervision of the banking system and crisis probabilities depends on the institutional structure. We find that effectiveness of the prudent supervision of the financial sector in lowering the probability of banking crises is more pronounced in countries with stronger institutions.

Suggested Citation

  • Aytul Ganioglu, 2014. "Does Effectiveness of Macroprudential Policies on Banking Crisis Depend on Institutional Structure?," Working Papers 1419, Research and Monetary Policy Department, Central Bank of the Republic of Turkey.
    • Handle: RePEc:tcb:wpaper:1419
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    File URL: https://www.tcmb.gov.tr/wps/wcm/connect/EN/TCMB+EN/Main+Menu/Publications/Research/Working+Paperss/2014/14-19
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    More about this item

    Keywords

    Banking crisis; Institutions; Banking supervision; Panel data;
    All these keywords.

    JEL classification:

    • G01 - Financial Economics - - General - - - Financial Crises
    • G18 - Financial Economics - - General Financial Markets - - - Government Policy and Regulation
    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
    • G28 - Financial Economics - - Financial Institutions and Services - - - Government Policy and Regulation
    • C33 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Models with Panel Data; Spatio-temporal Models
    • O11 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development

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