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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...
| Clasificación: | Libro Electrónico |
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| Autores principales: | , |
| Autores Corporativos: | , |
| Formato: | Electrónico eBook |
| Idioma: | Inglés |
| Publicado: |
[Washington, D.C.] :
International Monetary Fund,
©2013.
|
| Colección: | IMF working paper ;
WP/13/65. |
| Temas: | |
| Acceso en línea: | Texto completo |
| Sumario: | "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. |
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| Notas: | 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. |
| Descripción Física: | 1 online resource (32 pages) : illustrations (some color) |
| Bibliografía: | Includes bibliographical references (pages 29-31). |
| ISBN: | 9781475580136 1475580134 9781475553390 1475553390 |