Macroprudential Policies and Their Effects on Borrowing Sectors
Macroprudential policy; Monetary policy; Credit growth;
Borrowing sectors
The proposed research aims to investigate the effectiveness of rnacroprudential policies and their effects on internal credit growth, segmented by borrowing sectors: non-financial sector, private business, and households. Utilizing a dataset that includes monthly rnacroprudential policy behavior of 135 countries over a span of 32 years, along with quarterly credit growth data segmented by borrowing sector, this research seeks to empirically assess the relationships between rnacroprudential policy, monetary policy direction, financial system complexity, and the development stage in credit growth. Additionally, it aims to analyze how these factors differentially impact each type of borrowing sector.