Macroprudential policy : what instruments and how to use them? : lessons from country experiences /

Macroprudential policy : what instruments and how to use them? : lessons from country experiences /

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Bibliographic Details
Imprint:	Washington, D.C. : International Monetary Fund, 2011.
Description:	1 online resource (85 pages) : illustrations
Language:	English
Series:	IMF working paper ; WP/11/238 IMF working paper ; WP/11/238.
Subject:	Monetary policy -- Econometric models. Bank capital -- Econometric models. Global Financial Crisis, 2008-2009 -- Econometric models. Bank capital -- Econometric models. Econometric models. Monetary policy -- Econometric models.
Format:	E-Resource Book
URL for this record:	http://pi.lib.uchicago.edu/1001/cat/bib/12499472

Hidden Bibliographic Details
Other authors / contributors:	Lim, C. H. (Cheng Hoon), author. International Monetary Fund. Monetary and Capital Markets Department, issuing body.
ISBN:	128355318X 9781283553186 9781463959296 146395929X 9781463922603 1463922604
Notes:	"October 2011." Title from PDF title page (IMF, viewed Oct. 28, 2011). At head of title: Monetary and Capital Markets Department. Includes bibliographical references.
Summary:	This paper provides the most comprehensive empirical study of the effectiveness of macroprudential instruments to date. Using data from 49 countries, the paper evaluates the effectiveness of macroprudential instruments in reducing systemic risk over time and across institutions and markets. The analysis suggests that many of the most frequently used instruments are effective in reducing pro-cyclicality and the effectiveness is sensitive to the type of shock facing the financial sector. Based on these findings, the paper identifies conditions under which macroprudential policy is most likely to be effective, as well as conditions under which it may have little impact.
Other form:	Print version: Fund, International Monetary. Macroprudential Policy: What Instruments and How to Use Them? Lessons from Country Experiences. Washington : International Monetary Fund, ©2011 9781463922603

Description
Summary:	This paper provides the most comprehensive empirical study of the effectiveness of macroprudential instruments to date. Using data from 49 countries, the paper evaluates the effectiveness of macroprudential instruments in reducing systemic risk over time and across institutions and markets. The analysis suggests that many of the most frequently used instruments are effective in reducing pro-cyclicality and the effectiveness is sensitive to the type of shock facing the financial sector. Based on these findings, the paper identifies conditions under which macroprudential policy is most likely to be effective, as well as conditions under which it may have little impact.
Item Description:	"October 2011." Title from PDF title page (IMF, viewed Oct. 28, 2011). At head of title: Monetary and Capital Markets Department.
Physical Description:	1 online resource (85 pages) : illustrations
Bibliography:	Includes bibliographical references.
ISBN:	128355318X 9781283553186 9781463959296 146395929X 9781463922603 1463922604