All Outputs (3)

Monetary Policy, Credit Markets, and Banks: A DSGE Perspective (2020)
Journal Article
Rubio, M. (2020). Monetary Policy, Credit Markets, and Banks: A DSGE Perspective. Economics Letters, 195, https://doi.org/10.1016/j.econlet.2020.109481

The monetary policy transmission mechanism changed after the 2008 crisis. Evidence shows that credit markets and the banking system play now a predominant role in the pass-through of monetary policy to the real economy. This paper examines the moneta... Read More about Monetary Policy, Credit Markets, and Banks: A DSGE Perspective.

Bank capital, financial stability and Basel regulation in a low interest-rate environment (2020)
Journal Article
Rubio, M., & Yao, F. (2020). Bank capital, financial stability and Basel regulation in a low interest-rate environment. International Review of Economics and Finance, 67, 378-392. https://doi.org/10.1016/j.iref.2020.02.008

The current low interest-rate environment poses new challenges to international bank regulation policies. This paper analyzes the role of the Basel regulation in this new context. We study this issue by using a DSGE model with housing and collateral... Read More about Bank capital, financial stability and Basel regulation in a low interest-rate environment.

Cross-country spillovers from macroprudential regulation: Reciprocity and leakage (2020)
Journal Article
Rubio, M. (2020). Cross-country spillovers from macroprudential regulation: Reciprocity and leakage. Journal of International Money and Finance, 103, https://doi.org/10.1016/j.jimonfin.2019.102134

In a globally interconnected banking system, there can be spillovers from domestic macroprudential policies to foreign banks and vice versa, for example, through the presence of foreign branches in the domestic economy. The lack of reciprocity of som... Read More about Cross-country spillovers from macroprudential regulation: Reciprocity and leakage.