Principles for macroprudential regulation

Anil Kashyap, Dimitrios Tsomocos and A. Vardoulakis

Financial Stability Review, 2014, issue 18, 173-182

Abstract: The drafting of macroprudential regulation is largely being driven by the need by policy makers to meet timetables that have been agreed. The legislative drive is taking place without any clear theoretical framework to organise the objectives. In this article we propose two principles that any satisfactory framework ought to respect and then describe one specific model that embodies these principles. We explain the insights from this approach for regulatory design.

Date: 2014
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Citations: View citations in EconPapers (3)

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Chapter: Principles for macroprudential regulation (2019)
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Persistent link: https://EconPapers.repec.org/RePEc:bfr:fisrev:2014:18:17

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