Macroprudential policy: promise and challenges

The developments that led to the 2008 global financial crisis raised a new awareness amongst central banks and financial regulators in advanced economies about the need to approach financial regulation and surveillance from a macroeconomic (i.e. systemic) and prudential (i.e. pre-emptive) perspectiv...

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Autor principal:	Mendoza, Enrique G.
Formato:	Artículo
Lenguaje:	eng
Publicado:	Banco Central de Chile 2019
Materias:	CRISIS FINANCIERA CRISIS ECONÓMICA 2008 BANCOS CENTRALES POLÍTICA MONETARIA MODELOS ESTOCÁSTICOS
Acceso en línea:	https://hdl.handle.net/20.500.12580/3862
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spelling	oai-20.500.12580-38622021-04-24T11:13:52Z Macroprudential policy: promise and challenges Mendoza, Enrique G. CRISIS FINANCIERA CRISIS ECONÓMICA 2008 BANCOS CENTRALES POLÍTICA MONETARIA MODELOS ESTOCÁSTICOS The developments that led to the 2008 global financial crisis raised a new awareness amongst central banks and financial regulators in advanced economies about the need to approach financial regulation and surveillance from a macroeconomic (i.e. systemic) and prudential (i.e. pre-emptive) perspective. Policymakers in several emerging economies learned this lesson a decade earlier in the aftermath of the 1990s emerging markets crises and authorities in Chile learned this lesson even earlier with the massive banking crisis that engulfed the country in 1982. The practice of macroprudential policy however has marched well ahead of theoretical and quantitative research that could provide a solid foundation for it comparable with the foundation that neokeynesian dynamic stochastic general equilibrium (DSGE) models provide for the conduct of monetary policy. 2019-11-01T00:08:09Z 2019-11-01T00:08:09Z 2018 Artículo 978-956-7421-58-9 https://hdl.handle.net/20.500.12580/3862 eng Series on Central Banking Analysis and Economic Policies no. 25 Attribution-NonCommercial-NoDerivs 3.0 Chile http://creativecommons.org/licenses/by-nc-nd/3.0/cl/ .pdf Sección o Parte de un Documento p. 225-277 application/pdf CHILE Banco Central de Chile
institution	Banco Central
collection	Banco Central
language	eng
topic	CRISIS FINANCIERA CRISIS ECONÓMICA 2008 BANCOS CENTRALES POLÍTICA MONETARIA MODELOS ESTOCÁSTICOS
spellingShingle	CRISIS FINANCIERA CRISIS ECONÓMICA 2008 BANCOS CENTRALES POLÍTICA MONETARIA MODELOS ESTOCÁSTICOS Mendoza, Enrique G. Macroprudential policy: promise and challenges
description	The developments that led to the 2008 global financial crisis raised a new awareness amongst central banks and financial regulators in advanced economies about the need to approach financial regulation and surveillance from a macroeconomic (i.e. systemic) and prudential (i.e. pre-emptive) perspective. Policymakers in several emerging economies learned this lesson a decade earlier in the aftermath of the 1990s emerging markets crises and authorities in Chile learned this lesson even earlier with the massive banking crisis that engulfed the country in 1982. The practice of macroprudential policy however has marched well ahead of theoretical and quantitative research that could provide a solid foundation for it comparable with the foundation that neokeynesian dynamic stochastic general equilibrium (DSGE) models provide for the conduct of monetary policy.
format	Artículo
author	Mendoza, Enrique G.
author_facet	Mendoza, Enrique G.
author_sort	Mendoza, Enrique G.
title	Macroprudential policy: promise and challenges
title_short	Macroprudential policy: promise and challenges
title_full	Macroprudential policy: promise and challenges
title_fullStr	Macroprudential policy: promise and challenges
title_full_unstemmed	Macroprudential policy: promise and challenges
title_sort	macroprudential policy: promise and challenges
publisher	Banco Central de Chile
publishDate	2019
url	https://hdl.handle.net/20.500.12580/3862
work_keys_str_mv	AT mendozaenriqueg macroprudentialpolicypromiseandchallenges
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Macroprudential policy: promise and challenges

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