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Une perspective macroprudentielle pour la stabilité financière
[A macroprudential perspective on financial stability]

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  • Pinshi Paula, Christian

Abstract

The need to strengthen the macroprudential orientation of financial regulatory and supervisory frameworks stays a priority for financial and real healthy. Stability financial threatened with endogenous and exogenous risks translating crises, hence it has to a healthy regulation for the reduction risks. Macroprudential policy proves to be a best regulation for limiting systemic risk. We wonder about adoption a framework macroprudential for stability financial in Democratic Republic of the Congo (DRC). The correlation between countercyclical capital buffer and stability financial justify to make use of framework macroprudential. The causality analysis put in light the effect of policy macroprudential on financial stability. The coefficient of reserve requirements, used like an indicator par excellence, and countercyclical capital buffer cause financial stability. That’s justify an adoption of framework macroprudential in DRC. Finally, we suggest a best Framework governance for a macroprudential policy in DRC. The game have to be cooperative but flexible with monetary policy, it means, we must create a general management or autonomous institution macroprudential. However monetary policy must have a low of veto on this financial stability general management.

Suggested Citation

  • Pinshi Paula, Christian, 2017. "Une perspective macroprudentielle pour la stabilité financière [A macroprudential perspective on financial stability]," MPRA Paper 80505, University Library of Munich, Germany, revised Jun 2017.
  • Handle: RePEc:pra:mprapa:80505
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    References listed on IDEAS

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    1. Frederic Mishkin & Christian Bordes & Pierre-Cyrille Hautcoeur & Dominique Lacoue-Labarthe, 2007. "Monnaie, banque et marchés financiers," PSE-Ecole d'économie de Paris (Postprint) hal-00308684, HAL.
    2. Carmen M. Reinhart & Graciela L. Kaminsky, 1999. "The Twin Crises: The Causes of Banking and Balance-of-Payments Problems," American Economic Review, American Economic Association, vol. 89(3), pages 473-500, June.
    3. Hodrick, Robert J & Prescott, Edward C, 1997. "Postwar U.S. Business Cycles: An Empirical Investigation," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 29(1), pages 1-16, February.
    4. Frederic Mishkin & Christian Bordes & Pierre-Cyrille Hautcoeur & Dominique Lacoue-Labarthe, 2007. "Monnaie, banque et marchés financiers," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) hal-00308684, HAL.
    5. Frederic Mishkin & Christian Bordes & Pierre-Cyrille Hautcoeur & Dominique Lacoue-Labarthe, 2007. "Monnaie, banque et marchés financiers," Post-Print hal-00308684, HAL.
    6. Allen, Franklin & Gale, Douglas, 2000. "Bubbles and Crises," Economic Journal, Royal Economic Society, vol. 110(460), pages 236-255, January.
    7. Frederic Mishkin & Christian Bordes & Dominique Lacoue-Labarthe & Nicolas Leboisne & Jean-Christophe Poutineau, 2013. "Monnaie, banque et marchés financiers," Post-Print halshs-01006413, HAL.
    8. Granger, C W J, 1969. "Investigating Causal Relations by Econometric Models and Cross-Spectral Methods," Econometrica, Econometric Society, vol. 37(3), pages 424-438, July.
    9. Coudert, V. & Pouvelle, C., 2008. "La croissance des crédits dans les pays d’Europe centrale et orientale est-elle excessive ?," Bulletin de la Banque de France, Banque de France, issue 172, pages 39-67.
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    Cited by:

    1. Pinshi, Christian P., 2018. "Les effets macroéconomiques de la chute des cours des produits de base: Evaluation sur la République démocratique du Congo [The Macroeconomic Effects of commodity bust: Assessment on Democratic Rep," MPRA Paper 93130, University Library of Munich, Germany, revised 0208.
    2. PINSHI, Christian P., 2018. "Macroeconomic effects of falling commodity price: Evidence from Democratic Republic of the Congo," MPRA Paper 101068, University Library of Munich, Germany.

    More about this item

    Keywords

    Monetary Policy; financial stability; macroprudential policy;

    JEL classification:

    • E37 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Forecasting and Simulation: Models and Applications
    • E51 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Money Supply; Credit; Money Multipliers
    • E58 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Central Banks and Their Policies
    • G13 - Financial Economics - - General Financial Markets - - - Contingent Pricing; Futures Pricing
    • G18 - Financial Economics - - General Financial Markets - - - Government Policy and Regulation

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