Macro-financial Stability Policy In A Globalised World: Lessons From International Experience - Selected Papers From The Asian Monetary Policy Forum 2021 Special Edition And Mas-bis Conference
Title | Macro-financial Stability Policy In A Globalised World: Lessons From International Experience - Selected Papers From The Asian Monetary Policy Forum 2021 Special Edition And Mas-bis Conference PDF eBook |
Author | Edward S Robinson |
Publisher | World Scientific |
Total Pages | 724 |
Release | 2022-12-28 |
Genre | Business & Economics |
ISBN | 9811259445 |
Since at least the Great Financial Crisis, authorities around the world have increasingly relied on macroprudential policy to help secure financial stability and complement monetary policy as an integral element of a broader macro-financial stability framework. In today's interconnected global financial system, policy actions taken by the major advanced economies can have spillovers on the rest of the world through their impact on capital flows and exchange rates, potentially generating vulnerabilities across borders. Conversely, in emerging market economies, macroprudential policy as well as foreign exchange intervention and/or capital flow management policy can help mitigate the corresponding impact. This can in turn generate spillbacks on advanced economies — spillbacks that have become more sizeable as the emerging market economies' heft in the world has grown. Yet little is known about these interactions.The contents of this book are based on a conference held on 26-28 May 2021 and jointly hosted by the Monetary Authority of Singapore (MAS) and the Bank for International Settlements (BIS). It aims to contribute to existing literature on macro-financial policymaking by providing an overall conceptual framework and documenting the latest global trends and country experiences. In particular, it highlights the role of international spillovers and spillbacks, paying particular attention to emerging market economies. This book is essential reading for academics, graduate students and economic professionals. It can also serve as a handbook for policymakers at central banks, regulatory authorities and other government agencies tasked with designing and implementing macroprudential or more generally macro-financial stability policies. The book will also be of interest to researchers at international organisations.
Dealing with the Challenges of Macro Financial Linkages in Emerging Markets
Title | Dealing with the Challenges of Macro Financial Linkages in Emerging Markets PDF eBook |
Author | Otaviano Canuto |
Publisher | World Bank Publications |
Total Pages | 307 |
Release | 2013-10-29 |
Genre | Business & Economics |
ISBN | 1464800030 |
This book deals with the challenges of macro financial linkages in the emerging markets.
Macro-financial Stability Policy In A Globalised World
Title | Macro-financial Stability Policy In A Globalised World PDF eBook |
Author | Edward S. Robinson |
Publisher | |
Total Pages | 0 |
Release | 2022 |
Genre | Electronic books |
ISBN | 9789811259432 |
"Since at least the Great Financial Crisis, authorities around the world have increasingly relied on macroprudential policies to help secure financial stability and complement monetary policy as an integral element of a broader macro-financial stability framework. Moreover, in today's interconnected global financial system, policy actions taken by the major advanced economies can also have major spillovers on the rest of the world through their impact on capital flows and exchange rates, potentially generating vulnerabilities across borders. Conversely, in emerging market economies, macroprudential policies as well as foreign exchange intervention and/or capital flow management policies can help mitigate the corresponding impact. And those vulnerabilities can in turn generate spillbacks on advanced economies - spillbacks that have become more sizeable as the emerging market economies' heft in the world has grown. Yet little is known about these interactions. The contents of this book are based on a conference held in Singapore from 26-28 May 2021 and jointly hosted by the Monetary Authority of Singapore (MAS) and the Bank for International Settlements (BIS). It aims to contribute to existing literature on macro-financial policymaking by providing an overall conceptual framework and documenting the latest global trends and country experiences. In particular, it highlights the role of international spillovers and spillbacks, paying particular attention to EMEs. This book is a must-read for academics, graduate students and economic professionals. It can also serve as a handbook for policymakers at central banks, regulatory authorities and other government agencies with the task of designing and implementing macroprudential or more generally macro-financial stability policies. The book will also be of interest to researchers at international organisations"--
Macro-Financial Stability Policy in a Globalised World
Title | Macro-Financial Stability Policy in a Globalised World PDF eBook |
Author | C. E. V. Borio |
Publisher | World Scientific Publishing Company |
Total Pages | 0 |
Release | 2022-11 |
Genre | Globalization |
ISBN | 9789811259425 |
Since at least the Great Financial Crisis, authorities around the world have increasingly relied on macroprudential policy to help secure financial stability and complement monetary policy as an integral element of a broader macro-financial stability framework. In today's interconnected global financial system, policy actions taken by the major advanced economies can have spillovers on the rest of the world through their impact on capital flows and exchange rates, potentially generating vulnerabilities across borders. Conversely, in emerging market economies, macroprudential policy as well as foreign exchange intervention and/or capital flow management policy can help mitigate the corresponding impact. This can in turn generate spillbacks on advanced economies - spillbacks that have become more sizeable as the emerging market economies' heft in the world has grown. Yet little is known about these interactions. The contents of this book are based on a conference held on 26-28 May 2021 and jointly hosted by the Monetary Authority of Singapore (MAS) and the Bank for International Settlements (BIS). It aims to contribute to existing literature on macro-financial policymaking by providing an overall conceptual framework and documenting the latest global trends and country experiences. In particular, it highlights the role of international spillovers and spillbacks, paying particular attention to emerging market economies. This book is essential reading for academics, graduate students and economic professionals. It can also serve as a handbook for policymakers at central banks, regulatory authorities and other government agencies tasked with designing and implementing macroprudential or more generally macro-financial stability policies. The book will also be of interest to researchers at international organisations.
Key Aspects of Macroprudential Policy - Background Paper
Title | Key Aspects of Macroprudential Policy - Background Paper PDF eBook |
Author | International Monetary Fund. Fiscal Affairs Dept. |
Publisher | International Monetary Fund |
Total Pages | 64 |
Release | 2013-10-06 |
Genre | Business & Economics |
ISBN | 1498341713 |
The countercyclical capital buffer (CCB) was proposed by the Basel committee to increase the resilience of the banking sector to negative shocks. The interactions between banking sector losses and the real economy highlight the importance of building a capital buffer in periods when systemic risks are rising. Basel III introduces a framework for a time-varying capital buffer on top of the minimum capital requirement and another time-invariant buffer (the conservation buffer). The CCB aims to make banks more resilient against imbalances in credit markets and thereby enhance medium-term prospects of the economy—in good times when system-wide risks are growing, the regulators could impose the CCB which would help the banks to withstand losses in bad times.
Global Financial Stability Report, April 2012
Title | Global Financial Stability Report, April 2012 PDF eBook |
Author | International Monetary Fund. Monetary and Capital Markets Department |
Publisher | International Monetary Fund |
Total Pages | 94 |
Release | 2012-04-18 |
Genre | Business & Economics |
ISBN | 1616352477 |
The April 2012 Global Financial Stability Report assesses changes in risks to financial stability over the past six months, focusing on sovereign vulnerabilities, risks stemming from private sector deleveraging, and assessing the continued resilience of emerging markets. The report probes the implications of recent reforms in the financial system for market perception of safe assets, and investigates the growing public and private costs of increased longevity risk from aging populations.
Promoting Global Monetary and Financial Stability
Title | Promoting Global Monetary and Financial Stability PDF eBook |
Author | Claudio Borio |
Publisher | Cambridge University Press |
Total Pages | 287 |
Release | 2020-04-30 |
Genre | Business & Economics |
ISBN | 1108495982 |
A multi-faceted look at what global central bank cooperation has - and has not - achieved over the past half century.