macroprudential policy
Macroprudential Policy: A Summary
... microprudential policy, the idea of a macroprudential outlook reaches beyond the notion that as long as every banking institution is healthy, financial stability is ...assured. Macroprudential ...
5
Macroprudential Policy and Systemic Risk: An Overview
... Macroprudential policy assumes the existence of risk identification capabilities at the right time, so than it can act to reduce the risks, focusing especially on systemic ...of macroprudential ...
9
The Concept and Practice of Macroprudential Policy in Indonesia: Islamic and Conventional
... the macroprudential policy is to reduce the systemic risks that have significant macroeconomic ...of macroprudential by distinguishing both micro and macroprudential, as suggested by Borio ...
22
The Macroprudential Policy Framework Needs to Be Global
... The G20 is an essential platform to discuss and design such cross-border policy framework and standards. The diversity of its members, with very different levels of economic and financial development, ensures the ...
11
Macroprudential policy in Portugal: experience with borrower-based instruments
... this policy action and we introduce the policy objectives and the main components of the ...of macroprudential instruments, their transmission mechanisms and the preference for a specific combination ...
28
Macroprudential Policy and the Probability of a Banking Crisis
... coordinated policy lines and communication ...fiscal policy can also play a role in supporting firms, banks and households in providing liquidity through various packages and reducing the likelihood of ...
26
Essays on Financial Accelerators and Macroprudential Policy
... of macroprudential policy, as they can amplify portfolio losses and affect their distribution which in turn should be taken into account by bank regulation, in order to quantify and guard against bank ...
168
Quest for robust optimal macroprudential policy (1 MB)
... monetary policy, the Talyor rule has become a standard approach to model monetary reaction functions and a large literature has studied the general equilibrium implications of having such a rule, to which ...
50
Three Essays on Macroprudential Policy and Learning
... the central bank quantitatively adjust the capital requirement over time? This paper addresses this question by using the dynamic stochastic general equilibrium (DSGE) framework developed in Gertler, Kiyotaki and ...
104
Essays on unconventional monetary policy and macroprudential policy
... monetary policy through a non-optimal simple Taylor ...optimises macroprudential policy instruments to minimise the loss ...monetary policy instruments, and macroprudential ...
228
Macroprudential Policy: A Silver Bullet or Refighting the Last War?
... for macroprudential policy to reduce systemic risk, whether it is to correct for market failure or smooth financial ...Unfortunately, macroprudential principles are not the main motivation for this ...
40
Global Banking and the Conduct of Macroprudential Policy in a Monetary Union
... coordinated macroprudential measures based on Countercyclical Capital ...of macroprudential policy directly impacts the marginal cost of loan production and, by so, financial ...up ...
37
What is macroprudential policy for? Making it safe for central bankers
... It is a timely caution because, at least in the West, threats to central bank independence are emerging for the first time in around a quarter of a century. I will start by enumerating just of a few of those challenges, ...
10
House prices, capital inflows and macroprudential policy
... and macroprudential policy in the interlinkages between global imbalances and financial vulner- abilities through the lens of a stochastic general equilibrium ...
19
Macroprudential Policy, Banking and the Real Estate Sector
... In this paper, we present an empirical framework within which the bidirec- tional linkages between the banking and real estate sectors are formalised and their relative strength quantified. In particular, we develop a ...
95
Mortgage lending and macroprudential policy in the UK and US
... the macroprudential authorities need to widen their view by considering other relevant factors such as the supply of ...requires macroprudential policy to take a wider perspective including providing ...
335
Macroprudential Policy: What Does It Really Mean
... Basel III represents a significant cooperation and coordination effort across G-20 countries. Yet its guidelines or, more precisely, their implementation at the country level raises many questions. At this stage of the ...
15
Financial stability and macroprudential policy
... monetary policy. Financial stability and macroprudential policy were the missing pillars to ensure proper supervision of the financial ...implementing macroprudential policies, while having ...
204
Borrower heterogeneity within the mortgage-lending market and macroprudential policy
... of macroprudential policy conditional to this model, which is able to replicate the excess run-up in household debt leading up to the recent financial ...macro-prudential policy is to ensure a ...
39
Macroprudential Policy in the Euro Area
... monetary policy in the US have been identified by Ben Zeev et ...anticipate policy rate decisions can arise as a consequence of forward guidance, or more generally, commitments to future actions, changes in ...
34