A two-pillar strategy for macroprudential policy

pillar-iii-two-directions

The global financial crisis has highlighted the need to manage the stability of the financial system as a whole. Around the world, macroprudential policy mandates are being introduced to do this. The aim of this article is to add an operational dimension by developing a coherent framework for making macroprudential policy. In doing this, we place macroprudential policy within the overall policy framework for the monetary and financial system. In that way, the interrelations between the different

To continue reading...

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 indvidual account here: