NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH
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Financial Spillovers and Macroprudential Policies

Joshua Aizenman, Menzie D. Chinn, Hiro Ito

NBER Working Paper No. 24105
Issued in December 2017, Revised in August 2019

---- Acknowledgments ----

The financial support of faculty research funds of University of Southern California, the University of Wisconsin, Madison, and Portland State University is gratefully acknowledged. We would like to thank the discussant Juanyi Xu, conference participants for the ADBI-JMCB Conference “Globalization and Economic Stability,” the European Systemic Risk Board, the Banque de France, Bundesbank, Isha Agarwal, Gabriele Galati, Linda Goldberg, Shang-Jin Wei, and anonymous referees for useful comments. All remaining errors are ours. The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research.

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