Interactions between macro-prudential framework and macroeconomic indicators

Jaspreet Kaur (), Navita Nathani () and Resham Chopra ()
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Jaspreet Kaur: Dayalbagh Educational Institute
Navita Nathani: Prestige Institute of Management
Resham Chopra: Dayalbagh Educational Institute

DECISION: Official Journal of the Indian Institute of Management Calcutta, 2019, vol. 46, issue 1, No 7, 59-73

Abstract: Abstract The present work is an attempt to examine the macro-prudential measures with capital flows, exchange rate, stock prices and GDP of Asian emerging economies. This research is the extension of the developing the early warning signal as Financial Stability Index by Kaur and Gupta (in Conference proceedings in global trends in business & sustainability research, IIT Rourkee, 2017). The study acknowledges the importance of macro-prudential policy intervention for bringing in financial stability in the system. By synthesizing and visualizing information based on the past performance (using panel regression), it can be stated that this paper may be used to facilitate strategic decision-making at the policy level (government) of emerging economies and ensure building up of financial stability framework.

Keywords: Financial stability index; Emerging economies; Asia; Financial development; Financial vulnerability; Financial soundness; Panel regression (search for similar items in EconPapers)
JEL-codes: E44 F15 G01 G18 G28 (search for similar items in EconPapers)
Date: 2019
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DOI: 10.1007/s40622-019-00203-y

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