01710cas a2200253 a 4500 AALejournalIMF014654 230101c9999 xx r poo 0 0eng d 5.00 USD 9781498365659 1018-5941 BD-DhAAL BD-DhAAL Ghilardi, Matteo. Capital Flows, Financial Intermediation and Macroprudential Policies / Matteo Ghilardi, Shanaka Peiris. Washington, D.C. : International Monetary Fund, 2014. 1 online resource (31 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 develops an open-economy DSGE model with an optimizing banking sector to assess the role of capital flows, macro-financial linkages, and macroprudential policies in emerging Asia. The key result is that macro-prudential measures can usefully complement monetary policy. Countercyclical macroprudential polices can help reduce macroeconomic volatility and enhance welfare. The results also demonstrate the importance of capital flows and financial stability for business cycle fluctuations as well as the role of supply side financial accelerator effects in the amplification and propagation of shocks. Mode of access: Internet Peiris, Shanaka. IMF Working Papers; Working Paper ; No. 2014/157 Full text available on IMF http://elibrary.imf.org/view/journals/001/2014/157/001.2014.issue-157-en.xml IMF e-Library