An Overview of Micro- and Macroprudential Policy Tools in the EU in the Times of the COVID-19 Pandemic Economic Shockdoi:10.33067/SE.2.2021.3COVID-19 pandemicEUROPEAN UnionBANKING industryFINANCIAL crisesEUROZONEThe financial crisis from 2008 and the following Eurozone crisis from...
An Overview of Macroprudential Policy Tools Macroprudential policies – caps on loan to value ratios, limits on credit growth and other balance sheets restrictions, (countercyclical) capital and rese... S Claessens - 《Imf Working Papers》 被引量: 268发表: 2014年 Optimal Policy for Macro-...
(1) policy aims, objectives, and targets be coherent; (2) implementation preferences, policy instruments, and policy tools should also be consistent; and (3) policy aims and implementation preferences, policy objectives, policy instruments, policy targets, and policy tools should also be congruent ...
A categorical list of macroprudential tools classified by IMF (2018) is provided in Table 5. Table 5. Classification of macroprudential policy tools. CategoryDescriptionExamples Broad-based tools Regulatory policies designed to mitigate overall banking sector risks. Capital conservation buffer.Leverage ...
Macroprudential policy and systemic risk: An overview Ioana-Iuliana Tomuleasa* Alexandru Ioan Cuza University of Iasi, Carol I Bvd., Iasi, 700505, Romania Abstract This paper aims to address the issue of macroprudential policy in terms of objectives and its instruments, and with reference to ...
macroprudentialtools(seeforinstanceintheUK,thecreationofaFinancialPolicy CommitteetorunmacroprudentialpolicyalongsidetheMonetaryPolicyCommittee) *Correspondingauthor:DavidMiles,BankofEngland,ThreadneedleStreet,LondonEC2R8AH.Email: david.miles@bankofengland.co.uk ...
This paper takes a new approach to assess the costs and benefits of using different policy tools—macroprudential, monetary, foreign exchange interventions, and capital flow management—in response to changes in financial conditions. The approach evaluates net benefits of policies using quadratic loss fu...
An Overview of Macroprudential Policy Toolsdoi:10.1146/annurev-financial-111914-041807Macroprudential policies — caps on loan to value ratios, limits on credit growth and other balance-sheet restrictions, (countercyclical) capital and reserve reqSocial Science Electronic Publishing...
Three distinct points of view have emerged from the crisis. One is that the basic IT framework should be retained, but that central banks should adopt more robust macroprudential regulatory policies. Advocates of this approach share Bernanke's view thatmonetary policyis too blunt an instrument to ...
Macroprudential policy: A review MahdiEbrahimi Kahou,AlfredLehar, inJournal of Financial Stability, 2017 3.1Financial stability The most significant economic event of the era since World War II is something that has not happened: there has not been a deep and long-lasting depression. ...