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Interactions between macro-prudential framework and macroeconomic indicators

Author

Listed:
  • Jaspreet Kaur

    (Dayalbagh Educational Institute)

  • Navita Nathani

    (Prestige Institute of Management)

  • Resham Chopra

    (Dayalbagh Educational Institute)

Abstract

The present work is an attempt to examine the macro-prudential measures with capital flows, exchange rate, stock prices and GDP of Asian emerging economies. This research is the extension of the developing the early warning signal as Financial Stability Index by Kaur and Gupta (in Conference proceedings in global trends in business & sustainability research, IIT Rourkee, 2017). The study acknowledges the importance of macro-prudential policy intervention for bringing in financial stability in the system. By synthesizing and visualizing information based on the past performance (using panel regression), it can be stated that this paper may be used to facilitate strategic decision-making at the policy level (government) of emerging economies and ensure building up of financial stability framework.

Suggested Citation

  • Jaspreet Kaur & Navita Nathani & Resham Chopra, 2019. "Interactions between macro-prudential framework and macroeconomic indicators," DECISION: Official Journal of the Indian Institute of Management Calcutta, Springer;Indian Institute of Management Calcutta, vol. 46(1), pages 59-73, March.
    • Handle: RePEc:spr:decisn:v:46:y:2019:i:1:d:10.1007_s40622-019-00203-y
    DOI: 10.1007/s40622-019-00203-y
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    More about this item

    Keywords

    Financial stability index; Emerging economies; Asia; Financial development; Financial vulnerability; Financial soundness; Panel regression;
    All these keywords.

    JEL classification:

    • E44 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Financial Markets and the Macroeconomy
    • F15 - International Economics - - Trade - - - Economic Integration
    • G01 - Financial Economics - - General - - - Financial Crises
    • G18 - Financial Economics - - General Financial Markets - - - Government Policy and Regulation
    • G28 - Financial Economics - - Financial Institutions and Services - - - Government Policy and Regulation

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