Rules, discretion, and macro-prudential policy /:

"The paper examines the implementation of macro-prudential policy. Given the coordination, flow of information, analysis, and communication required, macro-prudential frameworks will have weaknesses that make it hard to implement policy. And dealing with the political economy is also likely to...

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Bibliographische Detailangaben
Hauptverfasser: Agur, Itai (VerfasserIn), Sharma, Sunil (VerfasserIn)
Körperschaften: IMF-Singapore Regional Training Institute, International Monetary Fund
Format: Elektronisch E-Book
Sprache:English
Veröffentlicht: [Washington, D.C.] : International Monetary Fund, ©2013.
Schriftenreihe:IMF working paper ; WP/13/65.
Schlagworte:
Online-Zugang:Volltext
Zusammenfassung:"The paper examines the implementation of macro-prudential policy. Given the coordination, flow of information, analysis, and communication required, macro-prudential frameworks will have weaknesses that make it hard to implement policy. And dealing with the political economy is also likely to be challenging. But limiting discretion through the formulation of macro-prudential rules is complicated by the difficulties in detecting and measuring systemic risk. The paper suggests that oversight is best served by having a strong baseline regulatory regime on which a time-varying macro-prudential policy can be added as conditions warrant and permit"--Abstract.
Beschreibung:Title from PDF title page (IMF Web site, viewed Mar. 19, 2013).
"IMF - Singapore Regional Training Institute"--Page 2 of pdf.
"March 2013"--Page 2 of pdf.
Beschreibung:1 online resource (32 pages) : illustrations (some color)
Bibliographie:Includes bibliographical references (pages 29-31).
ISBN:9781475580136
1475580134
9781475553390
1475553390

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