Macroprudential supervision: from theory to policy
Schoenmaker, Dirk ; Wierts, Peter
Bruegel - Brussels
2015
1 v.
business cycle ; economic policy ; economic recession ; macroeconomics ; financial system
Bruegel Working Paper
2015/15
Economics
English
Bibliogr.
"While there is now consensus that financial supervision has to focus on the aggregate (macroprudential), in addition to the individual (microprudential), there is no agreed macroprudential framework for measuring financial imbalances and applying policies to correct such imbalances. This paper focuses on these two open questions in the so-called time dimension of macroprudential policy."
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