Advanced Search
MyIDEAS: Login

Macro-prudential View of Financial Stability

Contents:

Author Info

  • Dragan Momirovic

    ()
    (University Union Belgrade, Faculty of Business and Industrial Managemenet)

Registered author(s):

    Abstract

    The paper points out the key features of "macro prudential" new framework, accepted by all relevant international institutions, in an effort to mitigate the externalities that can lead to vulnerability of the financial system and trigger a systemic risk. The emergence of the term dates back to the seventies, which over time have been almost forgotten, that was resurrected again in the second half of 2008, after a major global economic crisis. There is no single universal precise definition of "macro prudential", although most definitions contain several common characteristics. I focus on systematic risk, defines the key objective "macro prudential" or the regulation and supervision of the financial system as a whole rather than individual institutions. To limit the risk of global financial shocks, suggest different macro prudential indicators and instruments for assessing the health of the financial system and its vulnerability to shocks. The regulation and supervision of the financial system used macro prudential tools that are designed to enable efficient control policies, with particular focus on improving the resilience of the financial system impact of systematic risk. Macro prudential analysis focuses on factors that may threaten the stability of the financial system and the interrelationship between macroeconomic and financial stability. Macro-prudential application is based on rules or discretion, the entire system or individual financial institution, national or global level.

    Download Info

    If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
    File URL: http://www.ien.bg.ac.rs/index.php/en/2012/2012-1-2
    Download Restriction: no

    Bibliographic Info

    Article provided by Institute of Economic Sciences in its journal Economic Analysis.

    Volume (Year): 45 (2012)
    Issue (Month): 1-2 ()
    Pages: 45-58

    as in new window
    Handle: RePEc:ibg:eajour:v:45:y:2012:i:1-2:p:45-58

    Contact details of provider:
    Postal: 12 Zmaj Jovina St, 11000 Belgrade, Serbia
    Phone: +381 11 2622 357, 2623-055
    Fax: +381 11 2181 471
    Email:
    Web page: http://www.ien.bg.ac.rs
    More information through EDIRC

    Related research

    Keywords: Macro-prudential; macro-prudential instruments; macro prudential indicators; macro prudential tools; macro-prudential analysis;

    Find related papers by JEL classification:

    References

    No references listed on IDEAS
    You can help add them by filling out this form.

    Citations

    Lists

    This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

    Statistics

    Access and download statistics

    Corrections

    When requesting a correction, please mention this item's handle: RePEc:ibg:eajour:v:45:y:2012:i:1-2:p:45-58. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Zorica Bozic).

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If references are entirely missing, you can add them using this form.

    If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.