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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Dettagli Bibliografici
Autore principale: Agur, Itai
Altri autori: Demertzis, Maria
Natura: Periodico
Lingua:English
Pubblicazione: Washington, D.C. : International Monetary Fund, 2015.
Serie:IMF Working Papers; Working Paper ; No. 2015/283
Accesso online:Full text available on IMF