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SAVE THE DATE: Oct 24-25, GCFP 11th Annual Conference

Too Many Cooks, Not Enough Risk Management

FHLBS Reforms

MIT Golub Center for Finance and Policy

Economics

Positive Cross-border Policy Spillovers?

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Ever wonder if contagion can ever be a good thing? In the paper “Friend or Foe: Cross-Border Links, Contagious Banking Crises, and Joint Use of Macroprudential Policies,” Laura Kodres, associate with the GCFP and former Distinguished Senior Fellow, along with co-authors Seung Mo Choi and Jing Lu, find that macroprudential policies employed by a country that is closely-linked to others can have positive spillover effects–lowering the chances of a banking crisis even among countries that do not implement similar policies.

Click here for the full paper