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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Detalles Bibliográficos
Clasificación:Libro Electrónico
Autores principales: Agur, Itai (Autor), Sharma, Sunil (Autor)
Autores Corporativos: IMF-Singapore Regional Training Institute, International Monetary Fund
Formato: Electrónico eBook
Idioma:Inglés
Publicado: [Washington, D.C.] : International Monetary Fund, ©2013.
Colección:IMF working paper ; WP/13/65.
Temas:
Financial institutions > State supervision.
Banks and banking, Central.
Banks of issue.
Institutions financières > Contrôle de l'État.
Banques centrales.
BUSINESS & ECONOMICS > Banks & Banking.
Banks of issue
Banks and banking, Central
Financial institutions > State supervision
Acceso en línea:Texto completo
Tabla de Contenidos:
  • Cover; Abstract; Contents; I. Introduction; II. Rules-based macro-prudential regulation is difficult; Figures; Figure 1. Macro-Prudential Policies; III. Discretion opens the door to resistance; Figure 2. Agencies Involved in Macro-Prudential Policies; Table; Table 1. Main Macro-Prudential Tools; Figure 3. The Macro-Prudential Decision Process; Figure 4. Central Bank versus Joint Committee as Macro-Prudential Policymaker; 4a: Central Bank; 4b: Joint Committee; IV. A strong baseline: reducing the burden on time-varying policy; V. Concluding Remarks; References.

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