Macroprudential Policy and Practice

ISBN-13: 9781108412346 / Angielski / Miękka / 2020 / 323 str.

Paul Mizen;Margarita Rubio;Philip Turner

Opis

A guide to the latest theoretical developments in macroprudential policy, the newest tool in central banking policymaking circles.

Recenzje

'The book provides a valuable overview of the current state of thinking about macro-prudential policy, and some important and sobering reflections on its likely utility.' William Allen, Central Banking Journal

Spis treści

Introduction; 1. The macroeconomics of macroprudential policies Philip Turner; 2. A liquidity-based approach to macroprudential policy Jean-Pierre Landau; 3. Financial intermediation and monetary and macroprudential policies Stefano Neri; 4. The new art of central banking Jagjit S. Chadha; 5. The macroprudential countercyclical capital buffer in Basel III: implications for monetary policy José A. Carrasco-Gallego and Margarita Rubio; 6. On the use of monetary and macroprudential policies for small open economies F. Gulcin Ozkan and D. Filiz Unsal; 7. Capital flows and macroprudential policy: a framework for emerging Asia Matteo F. Ghilardi and Shanaka J. Peiris; 8. Macroprudential policy in a globalised world Dennis Reinhardt and Rhiannon Sowerbutts; 9. Systemic risk of European banks: regulators and markets Maarten R. C. van Oordt and Chen Zhou; 10. Macroprudential tools of systemic risk analysis Marcin Łupiński; 11. When is macroprudential policy effective? Chris McDonald; 12. Macroprudential policy: practice ahead of theory and a clear remit Richard Barwell; Index.