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...

Description complète

Détails bibliographiques
Auteur principal: Ghilardi, Matteo
Autres auteurs: Peiris, Shanaka
Format: Revue
Langue:English
Publié: Washington, D.C. : International Monetary Fund, 2014.
Collection:IMF Working Papers; Working Paper ; No. 2014/157
Accès en ligne:Full text available on IMF