Franklin

The Macroprudential Framework [electronic resource] : Policy Responsiveness and Institutional Arrangements, Lim, Cheng Hoon.

Author/Creator:
Lim, Cheng Hoon.
Publication:
Washington, D.C. : International Monetary Fund, 2013.
Series:
IMF eLibrary
IMF Working Papers; Working Paper No. 13/166.
IMF Working Papers; Working Paper No. 13/166
Format/Description:
Government document
Book
1 online resource (40 p.)
Local subjects:
Central bank role. (search)
Central banks. (search)
Central Banks and Their Policies. (search)
Credit. (search)
Financial stability. (search)
Government Policy and Regulation. (search)
Government securities. (search)
Home equity loans. (search)
Housing loans. (search)
Inflation. (search)
Institutions. (search)
Instruments. (search)
Interest rate. (search)
Liquidity ratio. (search)
Macroprudential Policy. (search)
Marginal reserve requirement. (search)
Minimum reserve requirement. (search)
Monetary fund. (search)
Monetary policies. (search)
Monetary policy. (search)
Mortgage. (search)
Mortgage interest. (search)
Mortgage interest rates. (search)
Mortgage lending. (search)
Mortgage loans. (search)
Mortgage rates. (search)
Mortgage regulation. (search)
Mortgage servicing. (search)
Mortgages. (search)
Reserve ratios. (search)
Reserve requirement. (search)
Reserve requirements. (search)
Residential mortgage. (search)
Residential mortgages. (search)
Second mortgage. (search)
Systemic risk. (search)
Bulgaria. (search)
Hong Kong Special Administrative Region of China. (search)
Mexico. (search)
Romania. (search)
Singapore. (search)
Slovak Republic. (search)
United States. (search)
Summary:
This paper gauges if, and how, institutional arrangements are correlated with the use of macroprudential policy instruments. Using data from 39 countries, the paper evaluates policy response time in various types of institutional arrangements for macroprudential policy and finds that the macroprudential framework that gives the central bank an important role is associated with more timely use of macroprudential policy instruments. Policymakers may also tend to use macroprudential instruments more quickly if the ability to conduct monetary policy is somehow constrained. This finding points to the importance of coordination between macroprudential and monetary policy.
Notes:
Description based on print version record.
Contributor:
Krznar, Ivo.
Lim, Cheng Hoon.
Lipinsky, Fabian.
Otani, Akira.
Wu, Xiaoyong.
Other format:
Print Version:
ISBN:
1484377818:
9781484377819
ISSN:
1018-5941
Publisher Number:
10.5089/9781484377819.001
Access Restriction:
Restricted for use by site license.
Loading...
Location Notes Your Loan Policy
Description Status Barcode Your Loan Policy