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La crise financière et les politiques macroprudentielles. Inflexion réglementaire ou nouveau paradigme ?

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  • André Cartapanis

Abstract

Since the financial crisis, governments and central banks have launched a consolidation of financial systems which focuses on building a macroprudential framework. In section 1, we define the content of macroprudential rules and principles which underlie their adoption. In Section 2, we study the theoretical foundations that justify the use of such policies. In Section 3, the effects of macroprudential paradigm for monetary policy and central banking are examined. Finally, Section 4 highlights the incompleteness and even hypothetical macroprudential paradigm, given the resistance it generates. Classification JEL : E44, G28

Suggested Citation

  • André Cartapanis, 2011. "La crise financière et les politiques macroprudentielles. Inflexion réglementaire ou nouveau paradigme ?," Revue économique, Presses de Sciences-Po, vol. 62(3), pages 349-382.
    • Handle: RePEc:cai:recosp:reco_623_0349
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    3. Nathalie Oriol & Fabrice Pansard, 2013. "La directive Solvency II : quels impacts pour les marchés et le financement de l'économie ?," Post-Print halshs-01066373, HAL.
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    5. Creel, Jérôme & Hubert, Paul & Labondance, Fabien, 2015. "Financial stability and economic performance," Economic Modelling, Elsevier, vol. 48(C), pages 25-40.
    6. Clovis Rugemintwari & Alain Sauviat & Amine Tarazi, 2012. "Bâle 3 et la réhabilitation du ratio de levier des banques. Pourquoi et comment ?," Revue économique, Presses de Sciences-Po, vol. 63(4), pages 809-820.
    7. Jérôme Creel & Paul Hubert & Fabien Labondance, 2013. "Financial stability and economic performance," Documents de Travail de l'OFCE 2013-24, Observatoire Francais des Conjonctures Economiques (OFCE).
    8. Alexandre Grit, 2022. "Gallicagram : un outil pour comprendre les enjeux d'opinion à propos de la soutenabilité budgétaire ?," Post-Print hal-03845936, HAL.

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    More about this item

    JEL classification:

    • E44 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Financial Markets and the Macroeconomy
    • G28 - Financial Economics - - Financial Institutions and Services - - - Government Policy and Regulation

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