Denmark: Financial Sector Assessment Program, Macroprudential Policies: Technical Note
IMF Staff Country Reports, December 18, 2014
Source details
- Canonical URL
- Denmark: Financial Sector Assessment Program, Macroprudential Policies: Technical Note
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Bibliographic details
- Published: December 18, 2014
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781484306536.002
Summary
- Publication date: December 18, 2014
- Purpose: Discusses significance of macroprudential policies for Denmark, focusing on containing the buildup of macrofinancial imbalances associated with credit booms and asset price bubbles.
- Context: Macroprudential policy is particularly important in Denmark where the space for monetary policy action is limited.
- Scope: Provides an analysis of existing frameworks used in Denmark for identifying systemic risk of both structural and cyclical nature and suggests additional tools to enhance authorities’ capacity to evaluate systemic risks.
Major findings and analytical focus
- Macroprudential policy objective:
- Seeks to contain the buildup of macrofinancial imbalances associated with credit booms and asset price bubbles.
- Importance for Denmark:
- Function is particularly important given limited space for monetary policy action.
- Analytical coverage:
- Analysis of existing frameworks used in Denmark for identifying systemic risk of both structural and cyclical nature.
- Suggestions of additional tools that the authorities could use to further enhance capacity to evaluate systemic risks.
Policy recommendations and suggested tools
- Strengthen frameworks for identifying systemic risk, addressing both:
- Structural systemic risk frameworks.
- Cyclical systemic risk frameworks.
- Adopt additional macroprudential tools to enhance capacity to evaluate and respond to systemic risks (note: specific tool names or parameters are described in the full technical note).
Publication and metadata
- Series: IMF Staff Country Reports
- Country Report No.: 2014/347
- Issue: 347
- Volume: 2014
- Pages: 51
- DOI: https://doi.org/10.5089/9781484306536.002
- Stock No: 1DNKEA2014005
- ISBN: 9781484306536
- ISSN: 1934-7685
- Subjects: Banking; Credit; Financial institutions; Financial sector policy and analysis; Loans; Macroprudential policy; Money; Systemic risk; Systemically important financial institutions
- Keywords: bank asset quality; bank assets; banking sector; board of governors; capital requirement; central bank; CR; Credit; ESRB risk discussion; Global; ISCR; Loans; Macroprudential policy; risk weight; SIFI framework; SIFI status; SRC member; systemic risk; Systemic risk; Systemically important financial institutions
International Monetary Fund. Monetary and Capital Markets Department "Denmark: Financial Sector Assessment Program, Macroprudential Policies: Technical Note", IMF Staff Country Reports 2014, 347 (2014).
Content in this bundle
- Executive Summary — _cr14347