Towards Effective Macroprudential Policy Frameworks: An Assessment of Stylized Institutional Models
A number of countries are reviewing their institutional arrangements for financial stability to support the development of a macroprudential policy function. In some cases, this involves a rethink of the appropriate institutional boundaries between central banks and financial regulatory agencies, or...
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Format: | Elektronisch E-Book |
Sprache: | English |
Veröffentlicht: |
Washington, D.C
International Monetary Fund
2011
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Schriftenreihe: | IMF Working Papers
Working Paper No. 11/250 |
Online-Zugang: | UBW01 UEI01 LCO01 SBR01 UER01 SBG01 UBG01 FAN01 UBT01 FKE01 UBY01 UBA01 FLA01 UBM01 UPA01 UBR01 FHA01 FNU01 BSB01 TUM01 Volltext |
Zusammenfassung: | A number of countries are reviewing their institutional arrangements for financial stability to support the development of a macroprudential policy function. In some cases, this involves a rethink of the appropriate institutional boundaries between central banks and financial regulatory agencies, or the setting up of dedicated policymaking committees. In others, efforts are underway to enhance cooperation within the existing institutional structure. Against this background, this paper provides basic guidance for the design of effective arrangements, in a manner that can provide a framework for country-specific advice. After reviewing briefly the main institutional elements of existing and emerging macroprudential policy frameworks across countries, the paper identifies stylized institutional models based on key features that distinguish institutional arrangements. It develops criteria to assess the effectiveness of models, examines the strengths and weaknesses of models against these criteria, and explores ways to improve existing setups. The paper finally distills lessons and sets out desired principles for effective macroprudential policy arrangements |
Beschreibung: | 1 Online-Ressource (51 p) |
ISBN: | 1463923325 9781463923327 |
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illustrated | Not Illustrated |
index_date | 2024-07-03T20:13:19Z |
indexdate | 2024-07-10T09:35:27Z |
institution | BVB |
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language | English |
oai_aleph_id | oai:aleph.bib-bvb.de:BVB01-033724234 |
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open_access_boolean | |
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record_format | marc |
series2 | IMF Working Papers |
spelling | Nier, Erlend Verfasser aut Towards Effective Macroprudential Policy Frameworks An Assessment of Stylized Institutional Models Nier, Erlend Washington, D.C International Monetary Fund 2011 1 Online-Ressource (51 p) txt rdacontent c rdamedia cr rdacarrier IMF Working Papers Working Paper No. 11/250 A number of countries are reviewing their institutional arrangements for financial stability to support the development of a macroprudential policy function. In some cases, this involves a rethink of the appropriate institutional boundaries between central banks and financial regulatory agencies, or the setting up of dedicated policymaking committees. In others, efforts are underway to enhance cooperation within the existing institutional structure. Against this background, this paper provides basic guidance for the design of effective arrangements, in a manner that can provide a framework for country-specific advice. After reviewing briefly the main institutional elements of existing and emerging macroprudential policy frameworks across countries, the paper identifies stylized institutional models based on key features that distinguish institutional arrangements. It develops criteria to assess the effectiveness of models, examines the strengths and weaknesses of models against these criteria, and explores ways to improve existing setups. The paper finally distills lessons and sets out desired principles for effective macroprudential policy arrangements Online-Ausg Jácome, Luis Ignacio Sonstige oth Madrid, Pamela Sonstige oth Osinski, Jacek Sonstige oth http://elibrary.imf.org/view/IMF001/12263-9781463923327/12263-9781463923327/12263-9781463923327.xml Verlag URL des Erstveröffentlichers Volltext |
spellingShingle | Nier, Erlend Towards Effective Macroprudential Policy Frameworks An Assessment of Stylized Institutional Models |
title | Towards Effective Macroprudential Policy Frameworks An Assessment of Stylized Institutional Models |
title_auth | Towards Effective Macroprudential Policy Frameworks An Assessment of Stylized Institutional Models |
title_exact_search | Towards Effective Macroprudential Policy Frameworks An Assessment of Stylized Institutional Models |
title_exact_search_txtP | Towards Effective Macroprudential Policy Frameworks An Assessment of Stylized Institutional Models |
title_full | Towards Effective Macroprudential Policy Frameworks An Assessment of Stylized Institutional Models Nier, Erlend |
title_fullStr | Towards Effective Macroprudential Policy Frameworks An Assessment of Stylized Institutional Models Nier, Erlend |
title_full_unstemmed | Towards Effective Macroprudential Policy Frameworks An Assessment of Stylized Institutional Models Nier, Erlend |
title_short | Towards Effective Macroprudential Policy Frameworks |
title_sort | towards effective macroprudential policy frameworks an assessment of stylized institutional models |
title_sub | An Assessment of Stylized Institutional Models |
url | http://elibrary.imf.org/view/IMF001/12263-9781463923327/12263-9781463923327/12263-9781463923327.xml |
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