IDEAS home Printed from https://ideas.repec.org/a/ijc/ijcjou/y2025q3a6.html
   My bibliography  Save this article

Interagency Coordination Bodies and the Speed of Prudential Policy Responses to the COVID-19 Pandemic

Author

Listed:
  • Michael Brei

    (University of Lille, LEM-CNRS, IESEG)

  • Blaise Gadanecz

    (Bank for International Settlements)

Abstract

This paper investigates whether the presence of interagency coordination bodies for financial stability (IABs) has been associated with faster prudential policy responses to the COVID-19 pandemic. Using econometric analysis, we provide evidence that countries with IABs have enacted relief measures involving microprudential tools more quickly than countries without, a result indicating that IABs may have been useful as catalysts for the deployment of microprudential instruments for macroprudential purposes. We also find evidence that faster responses occurred in countries where IABs have stronger powers and where the central bank is more deeply involved in the process.

Suggested Citation

  • Michael Brei & Blaise Gadanecz, 2025. "Interagency Coordination Bodies and the Speed of Prudential Policy Responses to the COVID-19 Pandemic," International Journal of Central Banking, International Journal of Central Banking, vol. 21(3), pages 229-292, July.
    • Handle: RePEc:ijc:ijcjou:y:2025:q:3:a:6
    as

    Download full text from publisher

    File URL: http://www.ijcb.org/journal/ijcb25q3a6.pdf
    Download Restriction: no
    ---><---

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ijc:ijcjou:y:2025:q:3:a:6. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Bank for International Settlements (email available below). General contact details of provider: https://www.ijcb.org/ .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.