Germany : Financial Sector Assessment Program Technical Note-Macroprudential Policy Framework And Tools.

Germany's macroprudential policy framework and toolkit are well developed. The FSAP found the institutional arrangements for macroprudential policy to be mostly sound and operating well. Capacity and expertise in risk monitoring is good, thanks to the analytical power and data access of the cen...

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Autor corporatiu: International Monetary Fund. Monetary and Capital Markets Department
Format: Revista
Idioma:English
Publicat: Washington, D.C. : International Monetary Fund, 2022.
Col·lecció:IMF Staff Country Reports; Country Report ; No. 2022/263
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Accés en línia:Full text available on IMF
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Sumari:Germany's macroprudential policy framework and toolkit are well developed. The FSAP found the institutional arrangements for macroprudential policy to be mostly sound and operating well. Capacity and expertise in risk monitoring is good, thanks to the analytical power and data access of the central bank, and close coordination between the macro- and microprudential arms of the financial supervisory authorities. Germany's macroprudential toolkit continues to develop. The principal outstanding task is to add powers to set caps on debt-to-income and debt service-to-income ratios on residential real estate loans to the already-established powers over loan-to-value ratios and amortization rates. These additions will place Germany's toolkit on a par with its peers.
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Descripció física:1 online resource (49 pages)
Format:Mode of access: Internet
ISSN:1934-7685
Accés:Electronic access restricted to authorized BRAC University faculty, staff and students