Hidden Bibliographic Details
| Other authors / contributors: | Wu, Xiaoyong.
Lim, Cheng Hoon.
Krznar, Ivo.
Lipinsky, Fabian.
Otani, Akira.
International Monetary Fund.
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| ISBN: | 1484349040
9781484349045
9781484349045
9781484377819
1484377818
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| Notes: | Available in PDF, ePUB, and Mobi formats on the Internet.
Includes bibliographical references.
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| Summary: | This paper gauges if, and how, institutional arrangements are correlated with the use of macroprudential policy instruments. Using data from 39 countries, the paper evaluates policy response time in various types of institutional arrangements for macroprudential policy and finds that the macroprudential framework that gives the central bank an important role is associated with more timely use of macroprudential policy instruments. Policymakers may also tend to use macroprudential instruments more quickly if the ability to conduct monetary policy is somehow constrained. This finding points to the importance of coordination between macroprudential and monetary policy.
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| Standard no.: | 10.5089/9781484349045.001
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