Macroprudential Policy and Practice (Macroeconomic Policy Making) - Softcover

Softcover

ISBN 10: 1108412343 ISBN 13: 9781108412346

Publisher: Cambridge University Press, 2020

Synopsis

Macroprudential policy is perhaps the most important new development in central bank policymaking circles since the global financial crisis, and reliance on such policies has continued to spread. The crisis, which showed the limits of conventional monetary policy as a tool to deal with financial stability, forced a wide-ranging rethink of economic policies, their interactions and their repercussions. It has led to new forms of intervention, of regulation and of supervisory practice. Macroprudential regulation is now one of the most important topics in modern macroeconomics, because it concerns measures put in place to reduce the risks and costs of the instability caused by financial crises. Written by senior figures from the worlds of academia and banking, this volume combines theoretical approaches with hard evidence of the policy's achievements in many countries. It is the first in-depth analysis of macroprudential instruments for policymakers, banks and economists.

About this title

About the Authors

Paul Mizen is Professor of Monetary Economics and Director of the Centre for Finance, Credit and Macroeconomics at the University of Nottingham and Chairman of the Money, Macro and Finance Research Group (MMF).

Margarita Rubio is Assistant Professor of Economics at the University of Nottingham. Previously, she held a full-time position at the Bank of Spain.

Philip Turner is Visitor at the National Institute of Economic and Social Research (NIESR), and Visiting Lecturer at Universität Basel. Until October 2016, he was Deputy Head of the Monetary and Economic Department and a member of the Senior Management of the Bank for International Settlements (BIS) in Switzerland.

Edition details

• Publisher: Cambridge University Press
• Publication date: 2020
• Language: English
• ISBN 10: 1108412343
• ISBN 13: 9781108412346
• Binding: Paperback
• Number of pages: 324
• Editor: Mizen Paul