Macroprudential policy and practice:

Macroprudential policy is perhaps the most important new development in central bank policymaking circles since the global financial crisis, and reliance on such policies has continued to spread. The crisis, which showed the limits of conventional monetary policy as a tool to deal with financial sta...

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Bibliographic Details
Other Authors: Mizen, Paul 1968- (Editor), Rubio, Margarita 1978- (Editor), Turner, Philip 1950-2024 (Editor)
Format: Electronic eBook
Language:English
Published: Cambridge Cambridge University Press 2018
Series:Macroeconomic policy making
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Online Access:BSB01
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Summary:Macroprudential policy is perhaps the most important new development in central bank policymaking circles since the global financial crisis, and reliance on such policies has continued to spread. The crisis, which showed the limits of conventional monetary policy as a tool to deal with financial stability, forced a wide-ranging rethink of economic policies, their interactions and their repercussions. It has led to new forms of intervention, of regulation and of supervisory practice. Macroprudential regulation is now one of the most important topics in modern macroeconomics, because it concerns measures put in place to reduce the risks and costs of the instability caused by financial crises. Written by senior figures from the worlds of academia and banking, this volume combines theoretical approaches with hard evidence of the policy's achievements in many countries. It is the first in-depth analysis of macroprudential instruments for policymakers, banks and economists
Item Description:Title from publisher's bibliographic system (viewed on 30 Aug 2018)
Physical Description:1 Online-Ressource (vii, 315 Seiten)
ISBN:9781108304429
DOI:10.1017/9781108304429

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