Principles for macroprudential regulation

Anil K. Kashyap and Dimitrios Tsomocos

Chapter 1 in Financial Regulation and Stability, 2019, pp 1-9 from Edward Elgar Publishing

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..

Keywords: Economics and Finance (search for similar items in EconPapers)
Date: 2019
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Journal Article: Principles for macroprudential regulation (2014)
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