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 be cha...

Full description

Bibliographic Details
Main Author: Agur, Itai
Other Authors: Sharma, Sunil
Format: Journal
Language:English
Published: Washington, D.C. : International Monetary Fund, 2013.
Series:IMF Working Papers; Working Paper ; No. 2013/065
Online Access:Full text available on IMF