01864cas a2200277 a 4500 AALejournalIMF013755 230101c9999 xx r poo 0 0eng d 5.00 USD 9781484377819 1018-5941 BD-DhAAL BD-DhAAL Lim, Cheng. The Macroprudential Framework : Policy Responsiveness and Institutional Arrangements / Cheng Lim, Ivo Krznar, Fabian Lipinsky, Akira Otani. Washington, D.C. : International Monetary Fund, 2013. 1 online resource (40 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students This paper gauges if, and how, institutional arrangements are correlated with the use of macroprudential policy instruments. Using data from 39 countries, the paper evaluates policy response time in various types of institutional arrangements for macroprudential policy and finds that the macroprudential framework that gives the central bank an important role is associated with more timely use of macroprudential policy instruments. Policymakers may also tend to use macroprudential instruments more quickly if the ability to conduct monetary policy is somehow constrained. This finding points to the importance of coordination between macroprudential and monetary policy. Mode of access: Internet Krznar, Ivo. Lipinsky, Fabian. Otani, Akira. IMF Working Papers; Working Paper ; No. 2013/166 Full text available on IMF http://elibrary.imf.org/view/journals/001/2013/166/001.2013.issue-166-en.xml IMF e-Library