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Amorello offers an overview of the key concepts of macroprudential policy through the analysis of its legal sub-components. Strategies, indicators, and tools along with the channels of systemic instability are summarized to outline the theoretical underpinnings of the macroprudential dimension. A legal inquiry deconstructing the economic concepts of macroprudential policy sheds some light on its blurred policy perimeter, allowing the reader to find one broad definition of macroprudential policy that may best reconcile its economic foundations with the corresponding regulatory instruments. In view of these premises, the EU macroprudential regulatory framework is preliminarily examined.
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- Law and Economics of Macroprudential Banking Supervision
- Chapter 2
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