Capital Flows, Financial Intermediation and Macroprudential Policies

Capital Flows, Financial Intermediation and Macroprudential Policies
This paper develops an open-economy DSGE model with an optimizing banking sector to assess the role of capital flows, macro-financial linkages, and macroprudential policies in emerging Asia. The key result is that macro-prudential measures can usefully complement monetary policy. Countercyclical macroprudential polices can help reduce... READ MORE...

Publication date: August 2014
ISBN 9781498365659
$18.00

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