TY  - BOOK
AU  - Lim,Cheng Hoon
AU  - Krznar,Ivo
AU  - Lim,Cheng Hoon
AU  - Lipinsky,Fabian
AU  - Otani,Akira
AU  - Wu,Xiaoyong
TI  - The Macroprudential Framework: Policy Responsiveness and Institutional Arrangements 
T2  - IMF Working Papers; Working Paper
SN  - 1484377818 :
SN  - 1018-5941
PY  - 2013///
CY  - Washington, D.C.
PB  - International Monetary Fund
KW  - Central Bank
KW  - imf
KW  - Government Policy and Regulation
KW  - Institutions
KW  - Instruments
KW  - Interest Rate
KW  - Macroprudential
KW  - Bulgaria
KW  - Hong Kong Special Administrative Region of China
KW  - Romania
KW  - Singapore
KW  - United States
N2  - This paper gauges if, and how, institutional arrangements are correlated with the use of macroprudential policy instruments. Using data from 39 countries, the paper evaluates policy response time in various types of institutional arrangements for macroprudential policy and finds that the macroprudential framework that gives the central bank an important role is associated with more timely use of macroprudential policy instruments. Policymakers may also tend to use macroprudential instruments more quickly if the ability to conduct monetary policy is somehow constrained. This finding points to the importance of coordination between macroprudential and monetary policy
UR  - http://elibrary.imf.org/view/IMF001/20677-9781484377819/20677-9781484377819/20677-9781484377819.xml
UR  - http://www.imfbookstore.org/IMFORG/9781484377819
ER  -