European Union : Publication of Financial Sector Assessment Program Documentation—Technical Note on Macroprudential Oversight and the Role of the ESRB

Author/Editor:

International Monetary Fund. Monetary and Capital Markets Department

Publication Date:

March 15, 2013

Electronic Access:

Free Full text (PDF file size is 1009 KB).Use the free Adobe Acrobat Reader to view this PDF file

Summary:

This article reviews the European Systematic Risk Board (ESRB), its role, approach, outputs, and effects in the European Union. The ESRB is the reason for macroprudential oversight of financial systems. Macroprudential policy is used to identify and reduce financial risks and limit financial imbalances. This policy is for both upturns and downturns of economic cycles. The role of the ESRB should be further enhanced to cover the entire financial system and institutions.

Series:

Country Report No. 13/70

Subject:

English

Publication Date:

March 15, 2013

ISBN/ISSN:

9781475591156/1934-7685

Stock No:

1EUREA2013006

Price:

$18.00 (Academic Rate:$18.00)

Format:

Paper

Pages:

27

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