Capital Flows, Financial Intermediation and Macroprudential Policies /

This paper develops an open-economy DSGE model with an optimizing banking sector to assess the role of capital flows, macro-financial linkages, and macroprudential policies in emerging Asia. The key result is that macro-prudential measures can usefully complement monetary policy. Countercyclical mac...

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Detalhes bibliográficos
Autor principal: Ghilardi, Matteo
Outros Autores: Peiris, Shanaka
Formato: Periódico
Idioma:English
Publicado em: Washington, D.C. : International Monetary Fund, 2014.
Colecção:IMF Working Papers; Working Paper ; No. 2014/157
Acesso em linha:Full text available on IMF