Une perspective macroprudentielle pour la stabilité financière

A macroprudential perspective of financial stability

Christian Pinshi

MPRA Paper from University Library of Munich, Germany

Abstract: The need to strengthen the macroprudential orientation of financial regulatory and supervisory frameworks stays a priority for financial and real good health. Stability financial is threatened with endogenous and exogenous risks translating crises, hence it has to a healthy regulation for the reduction risks. Macroprudential policy proves to be a best regulation limiting systemic risk. We wonder about adoption a framework macroprudential for stability financial in Democratic Republic of Congo (DRC). The great correlation between countercyclical capital buffer and stability financial justify to make use of framework macroprudential. The causality analysis put in light the effect of policy macroprudential on financial stability. The coefficient of reserve requirements, used like an indicator par excellence, and countercyclical capital buffer cause financial stability. That’s justify an adoption of framework macroprudential in DRC. Then, we showed that credit growth in DRC is below crisis threshold, banks should grant more credit as much as they are below crisis threshold instead of credit crunch. Finally, we suggest a best Framework governance for a macroprudential policy in DRC. The game must be cooperative but flexible with monetary policy, it means, we must create a general management or autonomous institution macroprudential. However monetary policy must have a power supreme or a low of veto on this financial stability general management.

Keywords: Monetary Policy; financial stability; macroprudential policy (search for similar items in EconPapers)
JEL-codes: E37 E51 E58 G13 G18 (search for similar items in EconPapers)
Date: 2017-05-17, Revised 2017-05-16
New Economics Papers: this item is included in nep-cba and nep-mac
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (3)

Downloads: (external link)
https://mpra.ub.uni-muenchen.de/79189/1/MPRA_paper_79189.pdf original version (application/pdf)

Related works:
Working Paper: Une Perspective Macroprudentielle Pour La Stabilité Financière (2017)
Working Paper: Une perspective macroprudentielle pour la stabilité financière (2017)
Working Paper: Une perspective macroprudentielle pour la stabilité financière (2017)
Working Paper: Une Perspective Macroprudentielle Pour La Stabilité Financière (2017)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:79189

Access Statistics for this paper

More papers in MPRA Paper from University Library of Munich, Germany Ludwigstraße 33, D-80539 Munich, Germany. Contact information at EDIRC.
Bibliographic data for series maintained by Joachim Winter ().