Browsing Norges Banks publikasjonsserier / Norges Bank publication series by Subject "financial imbalances"
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Financial Imbalances, Crisis Probability and Monetary Policy in Norway
(Working Papers;21/2017, Working paper, 2017)We assess the strength of the impact of a monetary policy shock on financial crisis probability in Norway. Policy effects go via the interest rate impact on credit, house prices and banks’ wholesale funding. We find that ...