Can macroprudential tools ensure financial stability?
Anne Epaulard
Chapter 6 in Central Banks and Supervisory Architecture in Europe, 2022, pp 62-70 from Edward Elgar Publishing
Abstract:
Macroprudential tools are now commonly used by financial stability authorities. The need for these tools was recognized after the financial crisis of 2008 - 2009, when a new consensus emerged about the role of private leverage in triggering financial crises. However, we still know little about their effectiveness.
Keywords: Economics and Finance (search for similar items in EconPapers)
Date: 2022
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