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Browsing Recerca: working papers, preprints, informes, etc. by Author "Nazar Van Doornik, Bernardus F."

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Countercyclical liquidity policy and credit cycles: Evidence from macroprudential and monetary policy in Brazil

Barroso, João Barata R. Blanco; Gonzalez, Rodrigo Barbone; Peydró, José-Luis; Nazar Van Doornik, Bernardus F. (2020-02-01)

We show that countercyclical liquidity policy smooths credit supply cycles, with stronger crisis effects. For identification, we exploit the Brazilian supervisory credit register and liquidity policy changes on reserve ...

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