Macroprudential policy - a literature review

Gabriele Galati and Richhild Moessner

No 337, BIS Working Papers from Bank for International Settlements

Abstract: The recent financial crisis has highlighted the need to go beyond a purely micro approach to financial regulation and supervision. In recent months, the number of policy speeches, research papers and conferences that discuss a macro perspective on financial regulation has grown considerably. The policy debate is focusing in particular on macroprudential tools and their usage, their relationship with monetary policy, their implementation and their effectiveness. Macroprudential policy has recently also attracted considerable attention among researchers. This paper provides an overview of research on this topic. We also identify important future research questions that emerge from both the literature and the current policy debate.

Keywords: macroprudential; policy (search for similar items in EconPapers)
Pages: 40 pages
Date: 2011-02
New Economics Papers: this item is included in nep-ban, nep-cba, nep-fmk, nep-hpe, nep-mac, nep-mon and nep-reg
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (115)

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Related works:
Journal Article: MACROPRUDENTIAL POLICY – A LITERATURE REVIEW (2013)
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Persistent link: https://EconPapers.repec.org/RePEc:bis:biswps:337

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