The Macroprudential Framework : Policy Responsiveness and Institutional Arrangements /

This paper gauges if, and how, institutional arrangements are correlated with the use of macroprudential policy instruments. Using data from 39 countries, the paper evaluates policy response time in various types of institutional arrangements for macroprudential policy and finds that the macropruden...

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Príomhchruthaitheoir: Lim, Cheng
Rannpháirtithe: Krznar, Ivo, Lipinsky, Fabian, Otani, Akira
Formáid: IRIS
Teanga:English
Foilsithe / Cruthaithe: Washington, D.C. : International Monetary Fund, 2013.
Sraith:IMF Working Papers; Working Paper ; No. 2013/166
Rochtain ar líne:Full text available on IMF
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020 |z 9781484377819 
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100 1 |a Lim, Cheng. 
245 1 4 |a The Macroprudential Framework :   |b Policy Responsiveness and Institutional Arrangements /  |c Cheng Lim, Ivo Krznar, Fabian Lipinsky, Akira Otani. 
264 1 |a Washington, D.C. :  |b International Monetary Fund,  |c 2013. 
300 |a 1 online resource (40 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 This paper gauges if, and how, institutional arrangements are correlated with the use of macroprudential policy instruments. Using data from 39 countries, the paper evaluates policy response time in various types of institutional arrangements for macroprudential policy and finds that the macroprudential framework that gives the central bank an important role is associated with more timely use of macroprudential policy instruments. Policymakers may also tend to use macroprudential instruments more quickly if the ability to conduct monetary policy is somehow constrained. This finding points to the importance of coordination between macroprudential and monetary policy. 
538 |a Mode of access: Internet 
700 1 |a Krznar, Ivo. 
700 1 |a Lipinsky, Fabian. 
700 1 |a Otani, Akira. 
830 0 |a IMF Working Papers; Working Paper ;  |v No. 2013/166 
856 4 0 |z Full text available on IMF  |u http://elibrary.imf.org/view/journals/001/2013/166/001.2013.issue-166-en.xml  |z IMF e-Library