The Institutional Structure of Macroprudential Policy in the UK

Language: English

Published by Springer, Springer Jun 2023, 2023

3031335759 / 9783031335754

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This item is printed on demand - Print on Demand Titel. Neuware -Macroprudential policy (MPP) has been one of the major initiatives in the post-2008 crisis restructuring of financial regulation. Under the macroprudential mandate, the regulator monitors and judiciously controls systemic risk in the financial system, in an attempt to minimise the probability and severity of a future financial crisis. The book reveals why MPP authorities are rightfully at the centre of a highly sensitive policy debate, as MPP necessitates the allocation of significant regulatory power to technocrats, while the highly technical nature of MPP makes policy evaluation challenging. Specific issues examined include: the importance of financial stability as a public policy goal; the political economy issues stemming from the delegation of MPP to an independent authority; and the definition of accountability in the context of MPP. Focusing on a case study on the Financial Policy Committee of the Bank of England, the macroprudential authority in the UK, the book develops the normative grounds to justify the need for accountability in the conduct of MPP, while also formulating the necessary institutional framework to ensure the accountability of MPP authorities.Springer-Verlag KG, Sachsenplatz 4-6, 1201 Wien 204 pp. Englisch. …

Seller Inventory # 9783031335754

Title
The Institutional Structure of Macroprudential Policy in the UK
Author
Kosmas Kaprinis
Publisher
Springer, Springer Jun 2023
Publication year
2023
Condition
Neu
Binding
Buch
Language
English
ISBN 10
3031335759
ISBN 13
9783031335754
Item weight
477 grams
Dimensions
241x160x17 mm

buchversandmimpf2000

Emtmannsberg, BAYE, Germany

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