These findings contribute to a burgeoning body of scientific and economic literature revealing the necessity of an enhanced international macroprudential policy framework to protect against the catastrophic consequences of inaction on climate change.Yosif, Noah...
the establishment of the target in an agreement between the central bank and government, in which inflation control was recognized as a joint duty of both parties, implying key supporting roles for fiscal and macroprudential policy; and ... TJ Carter,RR Mendes,LL Schembri - 《Discussion Papers...
macroprudential measuresspilloversWe combine the BIS international banking statistics with the IBRN prudential instruments database in a global study analyzing the effect of prudential measures on international lending. Our bilateral setting, which features multiple home and destination countries, allows us ...
First, to measure a country's macroprudential stance, we construct new indices capturing the intensity of the country's existing regulations. These indices address two important shortcomings in much of the literature on macroprudential policy: ignoring the intensity of regulations and capturing recent ...
At the IMF, we will need to revisit how we can help strengthen and broaden our global precautionary financing instruments. We will also be taking another look at policies to address financial account risks, including macroprudential and capital flow management measures....
Our paper also relates to literature on international portfolio flows, including the impact of US monetary policy (Chari et al., 2021) and macroprudential policy (Chari et al., 2022, Forbes et al., 2023). In contrast to that literature, we focus on lending by nonbanks, rather than investm...
3. Macroprudential policy should also reflect leverage in specific sectors of the real economy. The analysis in our report supports the current moves toward macroprudential policy. Some of the current proposals, such as that by the Bank of England, recognize th...
A better analysis of climate-related macrofinancial risks will not only enable better micro- and macroprudential policies to safeguard macrofinancial stability, it should also lead to better pricing of these risks by financial markets, which will contribute to overcoming barriers to scaling-up ...
(CNB)has proactively and prudently tightened monetary and macroprudential policies in response to elevated inflation rates and concerns about economic imbalances.Key assumptions The war in Ukraine and Europes energy crisis will weigh on economic growth.We expect ful 309、l-year real GDP growth will ...
A Macroprudential Approach to Financial Regulation Journal of Economic Perspectives, 25 (1) (2011), pp. 49-70 View in ScopusGoogle Scholar Khoperia, Lela, 2012 Lela Khoperia, Narmania Davit, Goderdzishvili Nata The Role of Government and Public Policies in Promoting Corporate Social Responsibility...