| Title: | Is Macro Prudential Regulation Possible? |
| Authors: | Wachtel, Paul |
| Issue Date: | 22-May-2013 |
| Abstract: | The 20th century consensus regarding the role of a central bank – to maintain price stability was upset by the global financial crisis of 2007-2009. Central banks changed their mode of behavior and new regulatory structures were introduced around the world. In this essay, I examine one of the principle new approaches to regulation – regulating macro prudential risk. I explain what it means and assess the approaches that have been suggested. |
| URI: | http://hdl.handle.net/2451/31788 |
| Rights: | Copyright Paul Wachtel, May 2013. |
| Appears in Collections: | Economics Working Papers |
Files in This Item:
| File | Description | Size | Format | |
|---|---|---|---|---|
| Wachtel_MacroPrudentialReg_May2013.pdf | Is Macro Prudential Regulation Possible? | 135.69 kB | Adobe PDF | View/Open |
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