IDEAS home Printed from https://ideas.repec.org/a/bor/bistre/v13y2013i4p65-66.html
   My bibliography  Save this article

Managing the risks of the new macro-prudential policy regime

Author

Listed:
  • Charles W. Calomiris

Abstract

The pursuit of a new “macro-prudential” policy agenda has become a call to arms for many central banks and multilateral institutions seeking to lean against financial factors that promote macroeconomic volatility. Cyclical use of prudential policy, such as variation in capital requirements, is fraught with risks. It should only be employed during extreme circumstances. In general, policy makers should focus on strengthening traditional monetary policy rules and micro-prudential policies.

Suggested Citation

  • Charles W. Calomiris, 2013. "Managing the risks of the new macro-prudential policy regime," Borsa Istanbul Review, Research and Business Development Department, Borsa Istanbul, vol. 13(4), pages 65-66, December.
    • Handle: RePEc:bor:bistre:v:13:y:2013:i:4:p:65-66
    as

    Download full text from publisher

    File URL: http://ac.els-cdn.com/S2214845013000161/1-s2.0-S2214845013000161-main.pdf?_tid=91592372-9933-11e3-824b-00000aacb360&acdnat=1392793431_6bb25db0de954daf4e3e51cbe2aa7fd1.pdf
    Download Restriction: no
    ---><---

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Stijn Claessens, 2015. "An Overview of Macroprudential Policy Tools," Annual Review of Financial Economics, Annual Reviews, vol. 7(1), pages 397-422, December.
    2. Ahmet Faruk Aysan & Mustafa Disli & Huseyin Ozturk, 2017. "Financial Crisis, Macroprudential Policies And Depositor Discipline," The Singapore Economic Review (SER), World Scientific Publishing Co. Pte. Ltd., vol. 62(01), pages 5-25, March.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:bor:bistre:v:13:y:2013:i:4:p:65-66. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Ahmet Palu (email available below). General contact details of provider: https://edirc.repec.org/data/rdisetr.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.