Will Macroprudential Policy Counteract Monetary Policy's Effects on Financial Stability? /

How does monetary policy impact upon macroprudential regulation? This paper models monetary policy's transmission to bank risk taking, and its interaction with a regulator's optimization problem. The regulator uses its macroprudential tool, a leverage ratio, to maintain financial stability...

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Détails bibliographiques
Auteur principal: Agur, Itai
Autres auteurs: Demertzis, Maria
Format: Revue
Langue:English
Publié: Washington, D.C. : International Monetary Fund, 2015.
Collection:IMF Working Papers; Working Paper ; No. 2015/283
Accès en ligne:Full text available on IMF