20.500.12556/RUL-134037 Macroprudential measures and developments in bank funding costs In this paper, we study how the use of macroprudential policy instruments is associated with bank funding costs. To accomplish this, we develop several macroprudential indices based on policy objectives and include different macroeconomic and bank-level variables, while we also separately analyse the cost of debt and overall cost of funding. Our analysis relies on bank-level data in 43 European countries for the period between 2000 and 2017, and a macroprudential policy dataset based on an IMF survey. The results show the activation of macro-prudential policies is chiefly related with lower bank funding costs, with this association being stronger for developed countries than emerging ones. The results also reveal positive links with certain macroprudential measures to bank cost of funding, offering further insight into the repercussions of calibrating and selecting macroprudential tools. banking finance stability macroprudential policy bank funding costs bank risk financial stability bančništvo finance stabilnost true false true Angleški jezik Slovenski jezik Članek v reviji 2021-12-22 13:19:44 2021-12-22 13:30:25 2022-09-13 03:52:58 0000-00-00 00:00:00 2021 0 0 23 str. art. 101943 Vol. 78 Nov. 2021 0000-00-00 Zaloznikova Objavljeno NiDoloceno 0000-00-00 0000-00-00 0000-00-00 336.71 1057-5219 10.1016/j.irfa.2021.101943 84194563 RAZ_Cehajic_Aida_2021.pdf RAZ_Cehajic_Aida_2021.pdf 1 465F5DBDF842645EA40852071875583D e6749aa6f2a3a52f2ae0ee75cc50e27414d7b46fc0a6883817aa6502e4cbd832 921950c0-6322-11ec-abdb-00155dcfd717 https://repozitorij.uni-lj.si/Dokument.php?lang=slv&id=152343 https://www.sciencedirect.com/science/article/pii/S1057521921002647 0 99b89c0b-6322-11ec-abdb-00155dcfd717 https://repozitorij.uni-lj.si/Dokument.php?lang=slv&id=152344 Ekonomska fakulteta 0 0 0