Marrying Monetary Policy with Macroprudential Regulation: Exploration of Issues
Since the eruption of the global financial crisis in 2008, macroprudential regulation has become a mantra in the regulatory world. The soon-to-be-widespread adoption of macroprudential tools will inevitably affect the dynamics of the economy and consequently have a direct bearing on the conduct of monetary policy. This paper explores theoretically several issues surrounding the interplay between macroprudential regulation and monetary policy. Among the key issues examined are the economic stabilization role of rule-based macroprudential policy, the implications of a countercyclical capital requirement on the monetary transmission mechanism, and the optimal policy combination.
|This book is provided by South East Asian Central Banks (SEACEN) Research and Training Centre in its series Occasional Papers with number occ49 and published in 2010.|
|Contact details of provider:|| Postal: |
Phone: 603-9195 1888
Fax: 603-9195 1801
Web page: http://edirc.repec.org/data/seacemy.html
More information through EDIRC
When requesting a correction, please mention this item's handle: RePEc:sea:opaper:occ49. 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: (Yunyee)
If references are entirely missing, you can add them using this form.