Why Macroprudential Policy? Brief Overview
Valentina Bruno and
Hyun Song Shin
Chapter 7 in Volatile Capital Flows in Korea, 2014, pp 179-186 from Palgrave Macmillan
Abstract:
Abstract It is a cliché that the world has become more connected, but the financial crisis and the boom that preceded it have focused attention on the global factors behind credit growth and capital flows. Calvo et al. (1993, 1996) famously distinguished the global “push” factors for capital flows from the country-specific “pull” factors, and the Bank for International Settlements (BIS) report on global liquidity (the “Landau report”) has highlighted the role of cross-border banking in the transmission of financial conditions (BIS, 2011).
Keywords: Monetary Policy; Capital Flow; Capital Inflow; Debt Security; Credit Growth (search for similar items in EconPapers)
Date: 2014
References: Add references at CitEc
Citations:
There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.
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:pal:palchp:978-1-137-36876-8_7
Ordering information: This item can be ordered from
http://www.palgrave.com/9781137368768
DOI: 10.1057/9781137368768_7
Access Statistics for this chapter
More chapters in Palgrave Macmillan Books from Palgrave Macmillan
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().