Principles for macroprudential regulation

Kashyap, Anil, Tsomocos, Dimitrios and Vardoulakis, Alexandros (2014) Principles for macroprudential regulation. Financial Stability Review, 18. pp. 173-181.

Abstract

The drafting of macroprudential regulation is largely being driven by the need by policy makers to meet timetables that have been agreed. The legislative drive is taking place without any clear theoretical framework to organise the objectives. In this article we propose two principles that any satisfactory framework ought to respect and then describe one specific model that embodies these principles. We explain the insights from this approach for regulatory design.

Item Type: Article
Keywords: Finance
Subject(s): Finance
Date Deposited: 13 Aug 2014 14:06
Last Modified: 27 Feb 2017 14:11
URI: http://eureka.sbs.ox.ac.uk/id/eprint/5168

Actions (login required)

Edit View Edit View