Macroprudential Policy Effects

Abstract

for their comments and suggestions; Yang Liu and Chau Nguyen for excellent research assistance; and Daniela Rojas and Phyo Zin for their excellent administrative support.The Departmental Paper Series presents research by IMF staff on issues of broad regional or crosscountry interest. The views expressed in this paper are those of the author(s) and do not necessarily represent the views of the IMF, its Executive Board, or IMF management.