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

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  • Michael Brei

    (LEM - Lille économie management - UMR 9221 - UA - Université d'Artois - UCL - Université catholique de Lille - Université de Lille - CNRS - Centre National de la Recherche Scientifique)

  • Blaise Gadanecz

Abstract

This paper investigates whether the presence of inter-agency 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 microprudential measures more quickly than countries without. This is not the case for macroprudential measures for which we find that IABs have been associated with slower responses. We conclude that IABs may have been useful as catalysts for the deployment of microprudential tools for macroprudential purposes.
(This abstract was borrowed from another version of this item.)

Suggested Citation

  • Michael Brei & Blaise Gadanecz, 2025. "Interagency Coordination Bodies and the Speed of Prudential Policy Responses to the COVID-19 Pandemic," Post-Print hal-05105846, HAL.
    • Handle: RePEc:hal:journl:hal-05105846
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    References listed on IDEAS

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    More about this item

    JEL classification:

    • D02 - Microeconomics - - General - - - Institutions: Design, Formation, Operations, and Impact
    • D78 - Microeconomics - - Analysis of Collective Decision-Making - - - Positive Analysis of Policy Formulation and Implementation
    • E58 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Central Banks and Their Policies

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