Macroprudential Policy and Institutional Arrangement

Arlyana Abubakar and Yanti Setiawan
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Arlyana Abubakar: Bank Indonesia
Yanti Setiawan: Bank Indonesia
Authors registered in the RePEc Author Service: Iman Gunadi

Chapter Chapter 6 in Central Bank Policy Mix: Issues, Challenges, and Policy Responses, 2022, pp 93-108 from Springer

Abstract: Abstract Experience shows that various economic and financial crises, including the COVID-19 pandemic, pose complex challenges for the central bank when it comes to implementing macroprudentialMacroprudential policy. From a broader perspective, macroprudentialMacroprudential policy consists of three pillars—balanced intermediationIntermediation, system resilience and inclusion—which correspond to the problems that need to be addressed by central bank policyCentral Bank Policy. In the future, macroprudentialMacroprudential policy will encounter challenges associated with digitalization and the surge of fintech and bigtech, increasing social inequality, and climate-change risks, all of which will embolden policy transformation and the innovation of its instruments.

Keywords: Macroprudential; Systemic risk; Intermediation (search for similar items in EconPapers)
Date: 2022
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-981-16-6827-2_6

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DOI: 10.1007/978-981-16-6827-2_6

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