IMF paper calls for urgent completion of macro-prudential frameworks

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An International Monetary Fund paper published on Tuesday says national policy-makers should pay more attention to the multilateral transmission of their policies, especially with respect to prudential frameworks.

The paper draws attention to the multilateral aspects of policies affecting capital flows and provides a complementary assessment of regulatory and supervisory policies of advanced economies, as well as large advanced economy monetary policy. The authors say the crisis has prompted a

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