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Book Cover
Author Ghilardi, Matteo F.

Title Capital flows, financial intermediation and macroprudential policies / Matteo F. Ghilardi and Shanaka J. Peiris
Published [Washington, D.C.] : International Monetary Fund, [2014]
Online access available from:
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Description 1 online resource (31 pages) : color illustrations
Series IMF working paper ; WP/14/157
IMF working paper ; WP/14/157
Summary 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. --Abstract
Notes "Asia Pacific Department, Research Department and Strategy, Policy and Review Department"--Page 2 of pdf
"August 2014"--Page 2 of pdf
Bibliography Includes bibliographical references (pages 28-30)
Notes Online resource; title from pdf title page ( Web site, viewed on August 25, 2014)
Subject Banks and banking -- Risk management -- Asia -- Econometric models.
Capital movements -- Asia -- Econometric models.
Financial risk management -- Asia -- Econometric models.
Intermediation (Finance) -- Asia -- Econometric models.
Form Electronic book
Author Peiris, Shanaka J. (Shanaka Jayanath), 1975-
International Monetary Fund. Asia and Pacific Department.
International Monetary Fund. Research Department.
International Monetary Fund. Strategy, Policy, and Review Department.
ISBN 1498377122