| Description |
1 online resource (28 pages) |
| Series |
IMF staff discussion note, 2221-030X ; SDN 13/05 |
|
IMF staff discussion note ; SDN/13/05.
|
| Summary |
"This Staff Discussion Note identifies complementarities and potential conflicts between microprudential policy, which focuses on the health of individual financial institutions, and macroprudential policy, which addresses risks to the financial system as a whole. These policies usually complement and reinforce each other in pursuit of their respective goals. This paper shows that the clarification of respective mandates, functions, and toolkits can help maximize synergies and limit the potentially negative consequences of policy interaction. Tensions are more likely to occur at certain stages of the credit cycle, notably during the downturn phase and at crucial turning points. This paper provides general and preliminary guidance on measures and arrangements to promote effective cooperation between both policies in their joint pursuit of financial stability. Solutions will be shaped, to a large extent, by country-specific circumstances."--Summary |
| Notes |
"June 2013." |
|
Online resource; title from PDF title page (IMF, viewed Apr. 18, 2017) |
| Subject |
Financial institutions -- State supervision
|
|
Financial institutions -- Risk management
|
|
Bank capital.
|
|
Bank capital.
|
|
Financial institutions -- State supervision.
|
| Form |
Electronic book
|
| Author |
Seal, Katharine, author.
|
|
Hoogduin, Lex, author
|
|
International Monetary Fund. Monetary and Capital Markets Department.
|
| ISBN |
1484358023 |
|
9781484358023 |
|
1484304608 |
|
9781484304600 |
|
