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The impact of macroprudential policies: an empirical analysis using credit registry data

13–14 June 2016 | Mexico City, Mexico

About this conference

Closing Conference of the BIS CCA CGDFS Working Group, hosted by the BIS Office for the Americas, Mexico City, 13-14 June 2016.

Day 1 - 13 June

Enrique Alberola (Chief Representative, Office for the Americas. Bank for International Settlements) and Leonardo Gambacorta (Research Adviser, Bank for International Settlements) | Presentation

Chair: Leonardo Gambacorta (Bank for International Settlements)

Prudential policies and their impact on credit in the United States

Paul Calem (Federal Reserve Bank of Philadelphia), Ricardo Correa and Seung Jung Lee (Board of Governors of the Federal Reserve System) (later published as BIS Working Papers, no 635) | Presentation

Discussant: Joao Santos (Federal Reserve Bank of New York) | Comments

The impact of macroprudential housing finance tools in Canada: 2005-2010

Jason Allen, Timothy Grieder, Brian Peterson and Tom Roberts (Bank of Canada) (later published as BIS Working Papers, no 632) | Presentation

Discussant: Lu Han (University of Toronto, Rotman School of Business) | Comments

The impact of expected losses provisioning in credit growth: the case of Mexico

Gabriel Levin, Calixto López and Fabrizio López-Gallo (Bank of Mexico) | Presentation

Discussant: Gabriel Jiménez (Bank of Spain) | Comments

Chair: Charles Calomiris (Columbia University)

Macroprudential policy evaluation using credit registry data: Argentina, 2009-2014

Horacio Aguirre and Gastón Repetto (Central Bank of Argentina) (later published as BIS Working Papers, no 672) | Presentation

Discussant: Vasso Ioannidou (Lancaster University) | Comments

Loan to value policy and housing loans: Effects on constrained borrowers

Douglas de Araujo, João Barroso and Rodrigo Gonzalez (Central Bank of Brazil) (later published as BIS Working Papers, no 673) | Presentation

Discussant: Manuel Adelino (Duke University) | Comments

The impact of Financial Stability Report's warning on the loan to value ratio

Andres Alegría, Rodrigo Alfaro and Felipe Córdova (Central Bank of Chile) (later published as BIS Working Papers, no 633) | Presentation

Discussant: Michael Ehrmann (Bank of Canada) | Comments

Day 2 - 14 June

Chair: Michael Ehrmann (Bank of Canada)

Credit supply responses to reserve requirements: Evidence from credit registry and policy shocks

João Barroso, Bernadus Doonik, Carlos Cinelli and Rodrigo Gonzalez (Central Bank of Brazil) (later published as BIS Working Papers, no 674) | Presentation

Discussant: José Luis Peydró (Universitat Pompeu Fabra) | Comments

Evaluating macroprudential policies in Colombia

Esteban Gómez, Angélica Lizarazo and Juan Carlos Mendoza (Bank of the Republic-Colombia) and Andres Murcia (Bank for International Settlements) (later published as BIS Working Papers, no 634) | Presentation

Discussant: Charles Calomiris (Columbia University) | Comments

Chair: Stephen Murchison (Bank of Canada)

Empirical analysis of macroprudential policies in Peru: The effects of dynamic provisioning and conditional reserve requirements

Miguel Cabello, José Lupú and Elias Minaya (Central Reserve Bank of Peru) (later published as BIS Working Papers, no 675) | Presentation

Discussant: Ricardo Correa (Board of Governors of the Federal Reserve System) | Comments

The impact of macroprudential policies and their interaction with monetary policy: an empirical analysis using credit registry data

Leonardo Gambacorta and Andres Murcia (Bank for International Settlements) (later published as BIS Working Papers, no 636) | Presentation

Discussant: Stijn Claessens (Board of Governors of the Federal Reserve System) | Comments

Leonardo Gambacorta and Enrique Alberola (Bank for International Settlements)