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Macro-prudential Approach to Regulation - Scope and Issues

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  • Shyamala Gopinath

Abstract

It is being acknowledged that a macro prudential perspective is critical in designing and pursuing micro prudential regulation of institutions and markets. Two distinct but highly inter-related constructs have come to epitomize this post-crisis framework: macro prudential regulation and systemic risk management. Both these concepts are philosophically appealing and conceptually sound, but operationally quite challenging. Understanding the nuanced interplay between these would be crucial in designing an efficient operative framework for financial stability. [Paper presented at the ADBI-BNM Conference on “Macroeconomic and Financial Stability in Asian Emerging Markets†, Kuala Lumpur].

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  • Shyamala Gopinath, 2010. "Macro-prudential Approach to Regulation - Scope and Issues," Working Papers id:2917, eSocialSciences.
    • Handle: RePEc:ess:wpaper:id:2917
    Note: Institutional Papers
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    Cited by:

    1. Prasad, Eswar, 2010. "Financial Sector Regulation and Reforms in Emerging Markets: An Overview," IZA Discussion Papers 5233, Institute of Labor Economics (IZA).

    More about this item

    Keywords

    asian; emerging; markets; macro prudential; micro; crisis; philosophically; framework; financial stability; institutions; markets; risk management; economic; procyclical; bank; capital;
    All these keywords.

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