Macro-Prudential Financial Regulation: Panacea or Placebo?
This article examines the potential efficacy of macro-prudential financial regulation as a mechanism for preventing future systemic crises. I argue that the potential efficacy of macro-prudential financial regulation will be undermined by (1) the ...
Dan Awrey
doaj
The global financial cycle and capital flows: Taking stock
Abstract Since the global financial crisis, a rich and expanding literature on the so‐called global financial cycle (GFCy) has emerged. This has fueled a debate in academic and policy circles on how to measure the GFCy, and how it impacts international capital flows, possibly in a time‐varying way.
Beatrice Scheubel+2 more
wiley +1 more source
The politicisation of macroprudential regulation: The critical Swedish case
This article explores the prospects of stabilising financialisation in Europe as a spatial-temporal fix for Anglo-American capitalism’s crisis-tendencies. We analyse the politics of (countercyclical) macroprudential regulation in the critical case study of Sweden. Here, macroprudential regulation is introduced, in contrast with much of the rest of the
Markus Kallifatides, Claes Belfrage
openaire +2 more sources
REFLECTIONS ON THE CREATION OF A NEW ARCHITECTURE OF THE MONETARY AND MACROPRUDENTIAL POLICY PROCESS* [PDF]
The article explains the conceptual principles of macro-prudential policy, a new political focus. Such a political concept involves four steps: defining policy objectives for macroprudential policies, choosing intermediate targets and indicators ...
Natalia STEFIRTA
doaj
The effect of bubbles on production: The state of the literature
Abstract In this paper, a comprehensive review is carried out on the strand of the literature related to the effects of bubbles on production, which includes the scarce empirical literature. The content is structured according to the bubble phase, since a major part of the literature considers that during the boom, there can be a crowding‐in effect ...
Cristhian Fernández‐González+2 more
wiley +1 more source
Evaluation of central bank independence, macroprudential policy, and credit gap in developing countries. [PDF]
Anwar CJ+4 more
europepmc +1 more source
Policy Packages and Policy Space: Lessons from COVID-19. [PDF]
Bergant K, Forbes K.
europepmc +1 more source
Investigating the relationship between monetary policy, macro-prudential policy and credit risk in Indonesia banking industry. [PDF]
Anwar CJ+5 more
europepmc +1 more source
The gradual transformation? The incremental dynamics of macroprudential regulation [PDF]
AbstractThis article focuses on the transformatory potential of macroprudential ideas following the financial crash of 2008, examining how they are being mediated by existing institutional contexts and how and why the task of building a new body of technical macroprudential knowledge is proceeding slowly. It is argued that the movement toward a form of
openaire +4 more sources
Macroprudential regulation: From theory to implementation [PDF]
Wolf Wagner+3 more
openaire +3 more sources