Micro-prudential vs Macro-prudential Regulation

Liviu Serbanescu ()
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Liviu Serbanescu: School of Advanced Studies of the Romanian Academy, Romania

Ovidius University Annals, Economic Sciences Series, 2022, vol. XXII, issue 1, 437-441

Abstract: The recent global financial crisis was caused, among others, by the interaction of micro and macro elements, so it is important for regulatory policies to cover these interactions as the objective is to decrease future crises or at least to minimize their effects. Macroprudential policies are very useful, but their main objective is not yet well highlighted and quantified, such as price stability in the case of monetary policy, for example. Regulators need to strike a balance between the micro and macro prudential approach to financial stability. The paper looks at the differences and similarities between micro-prudential and macro-prudential from the perspectives of financial regulation.

Keywords: macro-prudential; micro-prudential; prudential regulation; supervision (search for similar items in EconPapers)
JEL-codes: E58 G21 G28 G32 (search for similar items in EconPapers)
Date: 2022
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Persistent link: https://EconPapers.repec.org/RePEc:ovi:oviste:v:xxii:y:2022:i:1:p:437-441

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