تقدير أثر السياسات الاحترازية الکلية على الائتمان المصرفي في مصر: دراسة قياسية | ||
| المجلة العلمية للإقتصاد و التجارة | ||
| Article 9, Volume 51, Issue 1, April 2021, Pages 409-452 PDF (2.02 M) | ||
| Document Type: المقالة الأصلية | ||
| DOI: 10.21608/jsec.2021.141437 | ||
| Authors | ||
| حسام الدين محمد عبد القادر1; غادة حليم المرسي عاشور2 | ||
| 1کلية التجارة جامعة عين شمس | ||
| 2کلية الإدارة والعلوم المالية والاقتصادية جامعة بدر | ||
| Abstract | ||
| The occurrence of the global financial crisis 2007/2008 has demonstrated the importance and even the necessity of Macroprudential Policies, through a specific framework and tools that play an important role in prudence and caution, and even work to reduce the possibility of future economic imbalances. In the period of time after the crisis occurred, many countries sought to work with the tools of Macroprudential Policies in order to maintain financial stability, and thereby economic Stability. Macroprudential tools can be used as precautionary indicators to avoid shocks, and especially avoiding financial crises. Within this context, the importance of examining the potential impact of Macroprudential tools on Credit Variables in the Egyptian financial system has appeared, for the objective of avoiding systemic risks, and thereby increasing systemic resilience and curbing excesses in the credit supply for achieving financial stability, without neglecting the great importance of complementarity between Macroprudential Policy and Monetary Policy for reaching the desired goal. Accordingly, the necessity of the analysis has required the preparation two VAR Models followed by two VECM Models, in order to ensure the possibility of the presence of significant long run relationship between Macroprudential tools and credit indicators. | ||
| Keywords | ||
| Macroprudential Tools; Systemic Risks; Financial Crises; Loan to Value Ratio; Debt to Income Ratio; Foreign Currency lending; Reserve Requirements ratio; Restrictions on Profits distribution; Currency Mismatch; Financial Stability | ||
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