After the global financial and economic crisis of 2008–2010, practical interest in studying systemic banking risks, the problems of macroprudential policy and its tools increased, as financial instability began to be perceived as a source of contagion for the real sector of the economy. Financial ...
Samarina, A., and N. Apokoritis. 2020. Evolution of monetary policy frameworks in the post-crisis environment. Working Paper, No. 664, DNB. Svensson, L.E.O. 2020. Monetary policy strategies for the federal reserve. International Journal of Central Banking 16 (1): 133–193. Google Schola...
2012. Systemic risk, macroprudential policy frameworks, monitoring financial systems and the evolution of capital adequacy, "Journal of Banking & Finance" Vol... B Arnold,C Borio,L Ellis,... - 《Journal of Banking & Finance》 被引量: 146发表: 2012年 Macroprudential regulation: history, theory...
In other words, regulatory frameworks should be developed towards placing more emphasis on mitigating systemic risks in the financial system. In this regard, the macroprudential instruments, namely capital-based instruments (countercyclical capital buffers, sectoral capital requirements and dynamic provisions...
Since financial stability is multidimensional and each financial cycle has its own specific properties, it will be rather hard to find a simple rule that fits for all cases. The few studies that consider optimal policies are single-country frameworks: Cecchetti and Kohler (2014) find that a coor...
In order to prevent financial distress and manage instability, the macroprudential regulator needs to track and measure systemic risks ex-ante. The aim of the paper is twofold: on one side, it reviews the theoretical frameworks which allow to assess the different dimensions of systemic risk and,...
The ECB's responsibilities required new tools to be developed to measure systemic risk at financial institution, country and system-wide level. The paper discusses selected analytical tools supporting financial stability surveillance and assessment work, as well as macroprudential policy analysis at the ...
Enhancing Financial Stability and Resilience Macroprudential Policy, Tools, and Systems for the Future. October 2010. Washington.Enhancing Financial Stability and Resilience:Macr-oprudential Policy, Tools,and Systems for the Future. Group-of-Thirty. . 2010...
This paper uses the initial phase of the COVID-19 pandemic to examine how macroprudential frameworks developed over the past decade performed during a period of heightened financial and economic stress. It discusses a new measure of the macroprudential stance that better captures the intensity of ...
The case studies describe the institutional framework, its evolution, the use of macroprudential tools, and the circumstances under which the tools have been used. The paper shows how macroprudential policy is conducted under a heterogeneous set of institutional frameworks. In all cases, macroprudential...