Ireland: Financial Sector Assessment Program: Technical Note-Macroprudential Policy Framework

International Monetary Fund

No 2016/316, IMF Staff Country Reports from International Monetary Fund

Abstract: This Technical Note discusses the findings and recommendations made in the Financial Sector Assessment Program for Ireland in the area of the macroprudential policy framework. The current institutional arrangement in Ireland is appropriate for effective macroprudential policy and in line with IMF guidance. The Central Bank of Ireland’s analysis of systemic vulnerabilities is sophisticated and timely. The central bank has been introducing a range of macroprudential instruments to contain a buildup of systemic risk in the financial system. Ireland’s boom-bust experience amply demonstrates the need for forward-looking action to head off incipient financial problems.

Keywords: ISCR; CR; central Bank of Ireland; price; Ireland; delinquency ratio; LTV; imposition of limit; ECB object; ECB decision; credit market; analysis of systemic vulnerability; Macroprudential policy instruments; Macroprudential policy; Financial sector stability; Housing prices; Mortgages; Global (search for similar items in EconPapers)
Pages: 30
Date: 2016-09-29
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Citations: View citations in EconPapers (2)

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