Experiences with Macroprudential Policy

Experiences with Macroprudential Policy—Five Case Studies

June 19, 2015

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Format: Chicago

Salim M. Darbar, and Xiaoyong Wu. Experiences with Macroprudential Policy—Five Case Studies, (USA: International Monetary Fund, 2015) accessed June 15, 2025

Disclaimer: This Working Paper should not be reported as representing the views of the IMF.The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those of the IMF or IMF policy. Working Papers describe research in progress by the author(s) and are published to elicit comments and to further debate

Summary

This paper presents case studies of macroprudential policy in five jurisdictions (Hong Kong SAR, the Netherlands, New Zealand, Singapore, and Sweden). The case studies describe the institutional framework, its evolution, the use of macroprudential tools, and the circumstances under which the tools have been used. The paper shows how macroprudential policy is conducted under a heterogeneous set of institutional frameworks. In all cases macroprudential tools have been used to address risks in the housing market. In addition, some of them have moved to enhance the resilience of their banks to more general cyclical and structural risks.

Subject: Banking, Financial institutions, Financial sector policy and analysis, Housing, Housing prices, Loans, Macroprudential policy, Mortgages, National accounts, Prices

Keywords: Assets amount, Bank, Bank assets amount, Bank lending, Credit, Global, Housing, Housing price growth, Housing prices, Instruments, Interest rate, Liquidity mismatch ratio, Loan, Loans, LTI ratio, LTV cap, LTV ratio, Macroprudential, Macroprudential policy, Mismatch ratio, Mortgage, Mortgage interest deduction, Mortgages, Ratio, Repayment ability, Tools, WP

Publication Details

Pages:

41
Volume:

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DOI:

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Issue:

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Series:

Working Paper No. 2015/123
Stock No:

WPIEA2015123
ISBN:

9781513500812
ISSN:

1018-5941

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