A Brief Introduction to the World of Macroprudential Policy

Mirna Dumicic Jemric

Journal of Central Banking Theory and Practice, 2017, vol. 6, issue 1, 87-109

Abstract: Notwithstanding the rapid growth in the popularity of and the increasing number of research papers on macroprudential policy, the general public still has a relatively unclear perception of this concept. The main purpose of this paper is to explain briefly the most important concepts related to macroprudential policy and describe its objectives. Emphasis is put on explaining the main stages of a macroprudential cycle, the relationship between macroprudential policy and other economic policies, and the costs and benefits of macroprudential regulations.

Keywords: macroprudential policy; financial stability; systemic risks (search for similar items in EconPapers)
JEL-codes: E52 E58 E61 (search for similar items in EconPapers)
Date: 2017
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Related works:
Working Paper: A Brief Introduction to the World of Macroprudential Policy (2015)
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Persistent link: https://EconPapers.repec.org/RePEc:cbk:journl:v:6:y:2017:i:1:p:87-109

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