Towards Effective Macroprudential Policy Frameworks : An Assessment of Stylized Institutional Models /

A number of countries are reviewing their institutional arrangements for financial stability to support the development of a macroprudential policy function. In some cases, this involves a rethink of the appropriate institutional boundaries between central banks and financial regulatory agencies, or...

Disgrifiad llawn

Manylion Llyfryddiaeth
Prif Awdur: Nier, Erlend
Awduron Eraill: Jacome, Luis, Madrid, Pamela, Osinski, Jacek
Fformat: Cylchgrawn
Iaith:English
Cyhoeddwyd: Washington, D.C. : International Monetary Fund, 2011.
Cyfres:IMF Working Papers; Working Paper ; No. 2011/250
Mynediad Ar-lein:Full text available on IMF
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100 1 |a Nier, Erlend. 
245 1 0 |a Towards Effective Macroprudential Policy Frameworks :   |b An Assessment of Stylized Institutional Models /  |c Erlend Nier, Luis Jacome, Jacek Osinski, Pamela Madrid. 
264 1 |a Washington, D.C. :  |b International Monetary Fund,  |c 2011. 
300 |a 1 online resource (51 pages) 
490 1 |a IMF Working Papers 
500 |a <strong>Off-Campus Access:</strong> No User ID or Password Required 
500 |a <strong>On-Campus Access:</strong> No User ID or Password Required 
506 |a Electronic access restricted to authorized BRAC University faculty, staff and students 
520 3 |a A number of countries are reviewing their institutional arrangements for financial stability to support the development of a macroprudential policy function. In some cases, this involves a rethink of the appropriate institutional boundaries between central banks and financial regulatory agencies, or the setting up of dedicated policymaking committees. In others, efforts are underway to enhance cooperation within the existing institutional structure. Against this background, this paper provides basic guidance for the design of effective arrangements, in a manner that can provide a framework for country-specific advice. After reviewing briefly the main institutional elements of existing and emerging macroprudential policy frameworks across countries, the paper identifies stylized institutional models based on key features that distinguish institutional arrangements. It develops criteria to assess the effectiveness of models, examines the strengths and weaknesses of models against these criteria, and explores ways to improve existing setups. The paper finally distills lessons and sets out desired principles for effective macroprudential policy arrangements. 
538 |a Mode of access: Internet 
700 1 |a Jacome, Luis. 
700 1 |a Madrid, Pamela. 
700 1 |a Osinski, Jacek. 
830 0 |a IMF Working Papers; Working Paper ;  |v No. 2011/250 
856 4 0 |z Full text available on IMF  |u http://elibrary.imf.org/view/journals/001/2011/250/001.2011.issue-250-en.xml  |z IMF e-Library