Mr.Fabian Lipinsky

The Macroprudential Framework

Policy Responsiveness and Institutional Arrangements

This paper gauges if, and how, institutional arrangements are correlated with the use of macroprudential policy instruments. Using data from 39 countr...

The Global Bank Stress Test

This paper presents the framework underlying the Global Bank Stress Test (GST) and applies it to recent data and global scenarios to illustrate the us...

A Closer Look at Sectoral Financial Linkages in Brazil I

Corporations’ Financial Statements

Understanding the interplay between firms’ balance sheets and the macro-economic environment is important for understanding of the Brazilian economy...

Asia’s Stock Markets

Are There Crouching Tigers and Hidden Dragons?

Stock markets play a key role in corporate financing in Asia. However, despite their increasing importance in terms of size and cross-border investmen...

A Closer Look at Sectoral Financial Linkages in Brazil I

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Capital Gaps, Risk Dynamics, and the Macroeconomy

Motivated by the increasing interest in analyzing the links between the financial sector and the real economy, we develop a macro-financial structural...

Closer Look at Sectoral Financial Linkages in Brazil i

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