Institutional Arrangements for Macroprudential Policy in Asia /

This paper surveys institutional arrangements for macroprudential policy in Asia. Central banks in Asia typically have a financial stability mandate, and play a key role in the macroprudential framework. Smaller and more open economies with prudential regulation inside the central bank tend to have...

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Detaylı Bibliyografya
Yazar: Lim, Cheng
Diğer Yazarlar: Ramchand, Rishi, Wagner, Helen, Wu, Xiaoyong
Materyal Türü: Dergi
Dil:English
Baskı/Yayın Bilgisi: Washington, D.C. : International Monetary Fund, 2013.
Seri Bilgileri:IMF Working Papers; Working Paper ; No. 2013/165
Online Erişim:Full text available on IMF
Diğer Bilgiler
Özet:This paper surveys institutional arrangements for macroprudential policy in Asia. Central banks in Asia typically have a financial stability mandate, and play a key role in the macroprudential framework. Smaller and more open economies with prudential regulation inside the central bank tend to have institutional arrangements that give the central bank a leading role. In larger and more complex economies where prudential regulation is outside the central bank, the financial stability mandate is usually shared with other agencies and the government tends to play a leading role. Domestic policy coordination is typically performed by a financial stability committee/other coordination body while cross-border cooperation is largely governed by Memoranda of Understanding.
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Fiziksel Özellikler:1 online resource (22 pages)
Materyal Türü:Mode of access: Internet
ISSN:1018-5941
Erişim:Electronic access restricted to authorized BRAC University faculty, staff and students