Macroprudential policy : addressing the things we don't know / Alastair Clark and Andrew Large.

Author
Clark, Alastair, 1949- [Browse]
Format
Book
Language
English
Published/​Created
Washington, D.C : Group of Thirty, 2011.
Description
60 pages ; 23 cm.

Availability

Available Online

Copies in the Library

Location Call Number Status Location Service Notes
Firestone Library - Stacks HG1725 .C57 2011 Browse related items Request

    Details

    Subject(s)
    Series
    • Occasional papers (Group of Thirty) ; no. 83. [More in this series]
    • Occasional paper / Group of Thirty ; no. 83
    Summary note
    While the recent emphasis on macroprudential policy reflects the inadequacies of traditional approaches to macroeconomic policy and financial regulation revealed by the financial crisis, the paper points out that there is as yet no clear consensus on the scope or precise targets of macroprudential policy. The paper identifies, two key elements: monitoring, analysing and seeking to mitigate emerging "conjunctural" risks (for example an excessive build-up of leverage or debt); and enhancing the resilience of the financial system in the face of these risks.
    Notes
    "September 2011".
    Bibliographic references
    Includes bibliographical references (p. 49).
    Contents
    • Preface
    • Introduction
    • The objective of macroprudential policy
    • The issues of a separate policy area
    • Conflict of objectives
    • Statutory backing
    • Identification of vulnerabilities
    • Data
    • Policy instruments
    • Institutional framework
    • "Peacetime" vs. crisis
    • International dimension
    • Final remarks.
    Other format(s)
    Also available online.
    ISBN
    • 1567081541 ((pbk.))
    • 9781567081541 ((pbk.))
    OCLC
    764251259
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