Implications for macroprudential policy as the financial cycle turns

Markus Behn and Jan Hannes Lang

Macroprudential Bulletin, 2023, vol. 22

Abstract: This article discusses the role of macroprudential policy in the current environment. Although the euro area financial cycle is turning, banks remain profitable, vulnerabilities are still elevated, and financial stability risks have not yet materialised. Against this backdrop, macroprudential policy should not be loosened but should instead focus on preserving the resilience of banks and borrowers. JEL Classification: G01, G21, G38, E58

Keywords: borrower-based measures; capital-based measures; financial cycle; macroprudential policy (search for similar items in EconPapers)
Date: 2023-07
Note: 2203070
References: Add references at CitEc
Citations: View citations in EconPapers (2)

Downloads: (external link)
https://www.ecb.europa.eu//press/financial-stabili ... 1~ef3b5994fb.en.html (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ecb:ecbmbu:2023:0022:01

Access Statistics for this article

More articles in Macroprudential Bulletin from European Central Bank 60640 Frankfurt am Main, Germany. Contact information at EDIRC.
Bibliographic data for series maintained by Official Publications ().