Externalities and Macroprudential Policy

Author/Editor:

Gianni De Nicolo ; Giovanni Favara ; Lev Ratnovski

Publication Date:

June 7, 2012

Electronic Access:

Free Full Text (PDF file size is 430 KB).Use the free Adobe Acrobat Reader to view this PDF file

Summary:

This note overviews macroprudential policy options that have been proposed to address the systemic risks experienced during the recent financial crisis. It contributes to the policy debate by providing a taxonomy of macroprudential policies in terms of the specific negative externalities in the financial system that these policies are meant to address, and discusses their interrelations and some key implementation issues.

Series:

Staff Discussion Notes No. 12/05

Subject:

English

Publication Date:

June 7, 2012

ISBN/ISSN:

9781475504095/2221-030X

Stock No:

SDNEA2012005

Price:

$10.00 (Academic Rate:$10.00)

Format:

Paper

Pages:

24

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