BoE research examines links between channels of macro-prudential policy

bank-of-england-web

Macro-prudential policy operates through two main channels, and the effects are closely linked, according to a financial stability paper published today by the Bank of England (BoE).

The paper – How could macroprudential policy affect financial system resilience and credit?, by Julia Giese, Benjamin Nelson, Misa Tanaka and Nikola Tarashev – draws conclusions from existing literature on transmission channels. An allocation channel operates through direct constraints placed on banks' balance

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Register for Central Banking

All fields are mandatory unless otherwise highlighted

This address will be used to create your account

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account

.