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New paper (Alam et al. (2019) tackles these challenges INTERNATIONAL MONETARY FUND 5 What’s New? 1. Introduce a new comprehensive database of macroprudential policies

5 4,5 3,68 2,5 23,8% 34,0% 31,63% 0,5 36,69% -1,5 -3,5 -2,90 -5,5

macroprudential policy Cavallino and Sandri (BIS and IMF) ELB BOR - July 2019 5 / 25 Introduction Literature Review Global financial cycle and monetary spillovers: Rey (2015,

2/5 This Paper 3/5 This Paper Results: — Occasionally binding credit constraint — Tighter ex-ante monetary policy — Additional policy instruments including macro-pru 3/5 Broader

of fiscal discipline for oil-exporting countries, Journal of Monetary Economics 59 (3) 5 Medina & Soto (2016) - Commodity prices and fiscal policy in a commodity exporting

February sees positive trend for deposits 23 March 2020 News Share VKontakte WhatsApp Telegram Banking sector assets grew by 0.5% in February, mainly due

8 3.5 3.0 2.4 2.3 – food products 5.9 5.9 5.9 6.4 5.5 5.5 5.0

of Russia has established that pursuant to Clause 2, Part 1, Article 5 of Federal Law No. 224-FZ, dated 27 July 2010, ‘On Countering the

rubles per month shall be subject to a fee not exceeding 0.5% of the payment amount but no more than 1,500 rubles. In

funds in the form of initial contributions for loan repayment equalling from 5% to 20% of the total amount. • Various sorts of projects operating under