Macroprudential Policy Frameworks and Tools

David Orsmond and Fiona Price

RBA Bulletin (Print copy discontinued), 2016, 75-86

Abstract: Over the past decade, policymakers have increasingly used macroprudential tools to address a range of financial stability concerns. International institutions have identified and offered guidance on the components of an effective macroprudential framework, while noting the need for such a framework to be sufficiently broad to reflect differences in national circumstances. This article outlines key issues faced by policymakers in identifying and mitigating systemic risk and notes the flexible approach taken by Australia's regulatory agencies. In this context, macroprudential policy is seen as just one component of an effective financial stability framework.

Keywords: Macroprudential policy; Macroprudential tools; Financial stability; Systemic risk (search for similar items in EconPapers)
Date: 2016
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Citations: View citations in EconPapers (3)

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