The Macroprudential Framework: Policy Responsiveness and Institutional Arrangements
This paper gauges if, and how, institutional arrangements are correlated with the use of macroprudential policy instruments. Using data from 39 countries, the paper evaluates policy response time in various types of institutional arrangements for macroprudential policy and finds that the macropruden...
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Format: | Elektronisch E-Book |
Sprache: | English |
Veröffentlicht: |
Washington, D.C
International Monetary Fund
2013
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Schriftenreihe: | IMF Working Papers
Working Paper No. 13/166 |
Online-Zugang: | UBW01 UEI01 LCO01 SBR01 UER01 SBG01 UBG01 FAN01 UBT01 FKE01 UBY01 UBA01 FLA01 UBM01 UPA01 UBR01 FHA01 FNU01 BSB01 TUM01 Volltext |
Zusammenfassung: | This paper gauges if, and how, institutional arrangements are correlated with the use of macroprudential policy instruments. Using data from 39 countries, the paper evaluates policy response time in various types of institutional arrangements for macroprudential policy and finds that the macroprudential framework that gives the central bank an important role is associated with more timely use of macroprudential policy instruments. Policymakers may also tend to use macroprudential instruments more quickly if the ability to conduct monetary policy is somehow constrained. This finding points to the importance of coordination between macroprudential and monetary policy |
Beschreibung: | 1 Online-Ressource (40 p) |
ISBN: | 1484377818 9781484377819 |
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illustrated | Not Illustrated |
index_date | 2024-07-03T20:13:14Z |
indexdate | 2024-07-10T09:35:22Z |
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record_format | marc |
series2 | IMF Working Papers |
spelling | Lim, Cheng Hoon Verfasser aut The Macroprudential Framework Policy Responsiveness and Institutional Arrangements Lim, Cheng Hoon Washington, D.C International Monetary Fund 2013 1 Online-Ressource (40 p) txt rdacontent c rdamedia cr rdacarrier IMF Working Papers Working Paper No. 13/166 This paper gauges if, and how, institutional arrangements are correlated with the use of macroprudential policy instruments. Using data from 39 countries, the paper evaluates policy response time in various types of institutional arrangements for macroprudential policy and finds that the macroprudential framework that gives the central bank an important role is associated with more timely use of macroprudential policy instruments. Policymakers may also tend to use macroprudential instruments more quickly if the ability to conduct monetary policy is somehow constrained. This finding points to the importance of coordination between macroprudential and monetary policy Online-Ausg Krznar, Ivo Sonstige oth Lipinsky, Fabian Sonstige oth Otani, Akira Sonstige oth Wu, Xiaoyong Sonstige oth http://elibrary.imf.org/view/IMF001/20677-9781484377819/20677-9781484377819/20677-9781484377819.xml Verlag URL des Erstveröffentlichers Volltext |
spellingShingle | Lim, Cheng Hoon The Macroprudential Framework Policy Responsiveness and Institutional Arrangements |
title | The Macroprudential Framework Policy Responsiveness and Institutional Arrangements |
title_auth | The Macroprudential Framework Policy Responsiveness and Institutional Arrangements |
title_exact_search | The Macroprudential Framework Policy Responsiveness and Institutional Arrangements |
title_exact_search_txtP | The Macroprudential Framework Policy Responsiveness and Institutional Arrangements |
title_full | The Macroprudential Framework Policy Responsiveness and Institutional Arrangements Lim, Cheng Hoon |
title_fullStr | The Macroprudential Framework Policy Responsiveness and Institutional Arrangements Lim, Cheng Hoon |
title_full_unstemmed | The Macroprudential Framework Policy Responsiveness and Institutional Arrangements Lim, Cheng Hoon |
title_short | The Macroprudential Framework |
title_sort | the macroprudential framework policy responsiveness and institutional arrangements |
title_sub | Policy Responsiveness and Institutional Arrangements |
url | http://elibrary.imf.org/view/IMF001/20677-9781484377819/20677-9781484377819/20677-9781484377819.xml |
work_keys_str_mv | AT limchenghoon themacroprudentialframeworkpolicyresponsivenessandinstitutionalarrangements AT krznarivo themacroprudentialframeworkpolicyresponsivenessandinstitutionalarrangements AT lipinskyfabian themacroprudentialframeworkpolicyresponsivenessandinstitutionalarrangements AT otaniakira themacroprudentialframeworkpolicyresponsivenessandinstitutionalarrangements AT wuxiaoyong themacroprudentialframeworkpolicyresponsivenessandinstitutionalarrangements |