Will Macroprudential Policy Counteract Monetary Policy s Effects on Financial Stability is popular PDF and ePub book, written by Mr.Itai Agur in 2015-12-29, it is a fantastic choice for those who relish reading online the Business & Economics genre. Let's immerse ourselves in this engaging Business & Economics book by exploring the summary and details provided below. Remember, Will Macroprudential Policy Counteract Monetary Policy s Effects on Financial Stability can be Read Online from any device for your convenience.
Will Macroprudential Policy Counteract Monetary Policy s Effects on Financial Stability Book PDF Summary
How does monetary policy impact upon macroprudential regulation? This paper models monetary policy's transmission to bank risk taking, and its interaction with a regulator's optimization problem. The regulator uses its macroprudential tool, a leverage ratio, to maintain financial stability, while taking account of the impact on credit provision. A change in the monetary policy rate tilts the regulator's entire trade-off. We show that the regulator allows interest rate changes to partly "pass through" to bank soundness by not neutralizing the risk-taking channel of monetary policy. Thus, monetary policy affects financial stability, even in the presence of macroprudential regulation.
Detail Book of Will Macroprudential Policy Counteract Monetary Policy s Effects on Financial Stability PDF
- Author : Mr.Itai Agur
- Release : 29 December 2015
- Publisher : International Monetary Fund
- ISBN : 9781498345378
- Genre : Business & Economics
- Total Page : 23 pages
- Language : English
- PDF File Size : 8,5 Mb
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