Weitere Kapitel dieses Buchs durch Wischen aufrufen
Amorello explores interactions and conflicts between macroprudential and monetary policies, providing an impact assessment of the current calibrations of powers and competences, as well as evidences of the economic interactions between financial and monetary stability. The risk of conflicting policy stances between macroprudential supervision and monetary intervention under particular scenarios is also recognized, paying attention to the risk of negative spillovers that may potentially arise in the EU financial environment. Amorello also scrutinizes the institutional models that may permit the alignment of the two policies, noting how the EU legal and institutional settings may offer a fruitful stimulus for reflection upon the critical issues at stake.
Bitte loggen Sie sich ein, um Zugang zu diesem Inhalt zu erhalten
Sie möchten Zugang zu diesem Inhalt erhalten? Dann informieren Sie sich jetzt über unsere Produkte:
Adrian, Tobias, Liang, Nellie (2014). Monetary Policy, Financial Conditions, and Financial Stability, Federal Reserve Bank of New York Staff Report, No. 690.
Agénor, Pierre-Richard, Pereira da Silva, Luiz A. (2012). Macroeconomic Stability, Financial Stability, and Monetary Policy Rules, International Finance, Vol. 15, Issue 2.
Agenor, Pierre-Richard, Alper, Koray, da Silva, Pereira Luiz (2012). Capital Regulation, Monetary Policy, and Financial Stability, International Journal of Central Banking, Vol. 9, No. 3, pp. 193–238.
Agur, Itai, Demertzis, Maria (2012). “Leaning Against the Wind” and the Timing of Monetary Policy, IMF Working Paper, No. 86.
Agur, Itai, Sharma, Sunil (2013). Rules, Discretion, and Macro-prudential Policy, IMF Working Paper, No. 65.
Ahearne, Alan G., Ammer, John, Doyle, Brian M., Kole, Linda S., Martin, Robert F. (2005). House Prices and Monetary Policy: A Cross-Country Study, Board of Governors of the Federal Reserve System International Finance Discussion Paper, No. 841.
Ahrend, Rudiger, Cournède, Boris, Price, Rober W. (2008). Monetary Policy, Market Excesses and Financial Turmoil, OECD Economics Department Working Papers, No. 597.
Aiyar, Shekhar, Calomiris, Charles W., Wieladek, Tomasz (2014). Identifying Channels of Credit Substitution When Bank Capital Requirements Are Varied, Bank of England Working Paper, No. 485.
Alamsyah, Halim (2015). Coordinating Macroprudential and Monetary Policies: Asia Pacific Experiences . Speech Held at the 2015 SEACEN Policy Summit on “Macroprudential Policies: Practical Implementation”, 7 September 2015, Kuala Lumpur, Malaysia.
Alexander, Kern (2014). The ECB and Banking Supervision: Building Effective Prudential Supervision?, Yearbook of European Law, Vol. 33, No. 1.
Altunbas, Yener, Gambacorta, Leonardo, Marques-Ibanez, David (2010). Does Monetary Policy Affect Bank Risk-Taking?, BIS Working Paper, No. 298.
Angelini, Paolo, Stefano Neri, and Fabio Panetta (2011). Monetary and Macroprudential Policies, Banca d’ Italia Working Papers, No. 801, March 2011.
Angeloni, Ignazio, Faia, Ester (2009). A Tale of Two Policies: Prudential Regulation and Monetary Policy with Fragile Banks, Kiel Institute for the World Economy Working Paper, No. 2.
Angeloni, Ignazio, Faia, Ester (2013). Capital Regulation and Monetary Policy with Fragile Banks, Journal of Monetary Economics, Vol. 60, Issue 3.
Antipa, Pamfili, Matheron, Julien (2014). Interactions between Monetary and Macroprudential Policies, Banque de France Financial Stability Review, No. 18.
Ashley, Dunstan (2014). The Interaction between Monetary and Macro-prudential Policy, Reserve Bank of New Zealand Bulletin, Vol. 77, No. 2.
Assenmacher-Wesche, Katrin, Gerlach, Stefan (2008). Ensuring Financial Stability: Financial Structure and the Impact of Monetary Policy on Asset Prices, IMFS Working Paper Series, No. 16.
Barwell, Richard (2013). Macroprudential Policy, Palgrave Macmillan.
BCBS (2012). The Policy Implications of Transmission Channels between the Financial System and the Real Economy, BIS Working Paper, No. 20.
Beau, Denis, Clerc, Laurent, Mojon, Benoit (2012). Macro-prudential Policy and the Conduct of Monetary Policy, Banque de France Occasional Papers, No. 8.
Bech, Morten L., Keister, Todd (2013). Liquidity Regulation and the Implementation of Monetary Policy, BIS Working Papers, No. 432.
Benes, Jaromir, Kumhof, Michael, Laxton, Douglas, Muir, Dirk, Mursula, Susanna (2013). The Benefits of International Policy Coordination Revisited, IMF Working Paper, No. 262.
Bernanke, Ben S. (2010). Monetary Policy and the Housing Bubble, Speech at the Annual Meeting of the American Economic Association, Atlanta, Georgia.
Bernanke, Ben S., Gertler, Mark (1999). Monetary Policy and Asset Price Volatility, Federal Reserve Bank of Kansas City Economic Review, Fourth Quarter.
Barro, Robert J., Gordon, David (1983). A Positive Theory of Monetary Policy in a Natural Rate Model, Journal of Political Economy, Vol. 91, No. 4.
Bindseil, Ulrich, Lamoot, Jeroen (2011). The Basel III Framework for Liquidity Standards and Monetary Policy Implementation, SFB 649 Discussion Paper, No. 2011-041.
Bonner, Clemens, Eijffinger, Sylvester (2012a). The Impact of Liquidity Regulation on Interbank Money Markets, DNB Working Paper, No. 364.
Bonner, Clemens, Eijffinger, Sylvester (2012b). The Impact of Liquidity Regulation on Monetary-Policy Implementation, Vox CEPR’ s Policy Portal. Online. Available at: http://www.voxeu.org/article/liquidity-coverage-ratios-and-monetary-policy
Borio, Claudio, Shim, Ilhyock (2007). What Can (Macro-)Prudential Policy Do to Support Monetary Policy?, BIS Working Papers, No. 242.
Borio, Claudio, Zhu, Haibin (2008). Capital Regulation, Risk Taking and Monetary Policy: A Missing Link in the Transmission Mechanism?, BIS Working Paper, No. 268.
Bridges, Jonathan, Gregory, David, Nielsen, Mette, Pezzini, Silvia, Radia, Amar, Spaltro, Marco (2014). The Impact of Capital Requirements on Bank Lending, Bank of England Working Paper, No. 486.
Brockmeijer, Jan (2012). The Institutional Settings of Macroprudential Policy. In: ‘ Putting Macroprudential Policy to Work’, (eds.) Aerdt Houben, Rob Nijskens, Mark Teunissen, De Nederlandsche Bank Occasional Studies, Vol. 12–7.
Bruno, Valentina, Shim, Ilhyock, Shin, Hyun Song (2015). Comparative Assessment of Macroprudential Policies, BIS Working Papers, No. 502.
Brzoza-Brzezina, Michał, Kolasa, Marcin, Makarski, Krzysztof (2015). Monetary and Macroprudential Policy with Foreign Currency Loans, ECB Working Paper Series, No. 1783.
Bunn, Philip, Drapper, Lizzie, Rowe, Jeremy, Shah, Sagar (2015). The Potential Impact of Higher Interest Rates and Further Fiscal Consolidation on Households: Evidence from the 2015 NMG Consulting Survey, Bank of England Quarterly Bulletin 2015 Q4.
Calvo, Guillermo (1978). On the Time Consistency of Optimal Policy in the Monetary Economy, Econometrica, Vol. 46, Issue 6.
Canuto, Otaviano, Cavallari, Matheus (2013). Asset Prices, Macroprudential Regulation, and Monetary Policy, The World Bank Economic Premise, No. 116.
Carboni, Giacomo, Pariès, Matthieu D., Kok, Christoffer (2013). Exploring the Nexus between Macro-prudential Policies and Monetary Policy Measures, ECB Financial Stability Review, May 2013.
Carney, Mark (2014). One Mission. One Bank. Promoting the Good of the People of the United Kingdom, Speech Given at the Mais Lecture at Cass Business School, City University, London, 18 March 2014.
Caruana, Jaime (2011). Monetary Policy in a World with Macroprudential Policy, Speech Held at the SAARCFINANCE Governors’ Symposium 2011, Kerala, 11 June 2011.
Castro, Vitor (2011). Can Central Banks’ Monetary Policy Be Described by a Linear (Augmented) Taylor Rule or by a Nonlinear Rule?, Journal of Financial Stability, Vol. 7.
Carré, Emmanuel, Couppey-Soubeyran, Jézabel, Dehmej, Salim (2015). La coordination entre politique monétaire et politique macroprudentielle, Revue économique, Vol. 66, Issue 3.
Cecchetti, Stephen G. (2000). Making Monetary Policy: Objectives and Rules, Oxford Review of Economic Policy, Vol. 16, No. 4.
Cecchetti, Stephen G., Genberg, Hans, Lipsky, John, Wadhwani, Sushil (2000). Asset Prices and Central Bank Policy, International Center for Monetary and Banking Studies, London.
Cesa-Bianchi, Ambrogio, Rebucci, Alessandro (2015). Does Easing Monetary Policy Increase Financial Instability?, IMF Working Paper, No. 139.
CGFS (2012). Operationalising the Selection and Application of Macroprudential Instruments, CGFS Papers, No. 48.
CGFS (2015). Regulatory Change and Monetary Policy, CGFS Papers, No. 54.
Chwieroth, Jeffrey, Danielsson, Jon (2013). Political Challenges of the Macroprudential Agenda. Vox CEPR’s Policy Portal (6 September 2013). Online. Available at: http://www.voxeu.org/article/political-challenges-macroprudential-agenda
Claessens, Stijn, Ghosh, Swati R., Mihet, Roxana (2014). Macro-prudential Policies to Mitigate Financial System Vulnerabilities, IMF Working Paper, No. 155.
Committee on International Economic Policy and Reform (2011). Rethinking Central Banking, September 2011.
Crowe, Christopher, Dell’Ariccia, Giovanni, Igan, Deniz, Rabanal, Pau (2011). Policies for Macrofinancial Stability: Options to Deal with Real Estate Booms. IMF Staff Discussion Note, No. 2.
De Carvalho, Fabia A., De Castro, Marcos R. (2015). Macroprudential and Monetary Policy Interaction: A Brazilian Perspective, BCB Working Paper, No. 405.
Dell’Ariccia, Giovanni, Laeven, Luc, Marquez, Robert (2011). Financial Frictions, Foreign Currency Borrowing, and Systemic Risk, Paper Presented at the 12th Jacques Polak Annual Research Conference, Washington, DC, 10–11 November 2011.
De Paoli, Bianca, Paustian, Matthias (2013). Coordinating Monetary and Macroprudential Policies, Federal Reserve Bank of New York Staff Report, No. 653.
Demyanyk, Yuliya, Hemert, Otto Van (2011). Understanding the Subprime Mortgage Crisis, Review of Financial Studies, No. 24, No. 6.
De Nederlandsche Bank (2015). Dutch Mortgages in the DNB Loan Level Data, DNB Occasional Studies, Vol. 13–4.
Deutsche Bundesbank (2015). The Importance of Macroprudential Policy for Monetary Policy, Monthly Report March 2015.
Dokko, Doyle, Jane Brian M., Kiley, Michael T., Kim, Jinill, Sherlund, Shane, Sim, Jae, Van Den Heuvel, Skander (2011). Monetary Policy and the Global Housing Bubble, Economic Policy, Vol. 26, Issue 66, pp. 237–287. CrossRef
Dubecq, Simon, Mojon, Benoît, Ragot, Xavier (2009). Fuzzy Capital Requirements, Risk-Shifting and the Risk Taking Channel of Monetary Policy, Banque De France Document de Travail, No. 254.
ECB (2013). Liquidity Regulation and Monetary Policy Implementation, Monthly Bulletin April 2013.
ESRB (2014a). Handbook on Operationalising Macro-prudential Policy in the Banking Sector.
ESRB (2014b). Allocating Macro-prudential Powers, Reports of the Advisory Scientific Committee, No. 5/November.
ESRB (2015). A Review of Macro-prudential Policy in the EU One Year after the Introduction of the CRD/CRR, June 2015.
Follesdal, Andreas, Hix, Simon (2006). Why There Is a Democratic Deficit in the EU: A Response to Majone and Moravcsik, JCMS: Journal of Common Market Studies, Vol. 44, Issue 3.
Frait, Jan, Malovaná, Simona, Tomšík, Vladimír (2015). The Interaction of Monetary and Macroprudential Policies in the Pursuit of Central Bank’s Primary Objectives, Czech National Bank Financial Stability Report 2014/2015.
Francis, William B., Osborne, Matthew (2012). Capital Requirements and Bank Behavior in the UK: Are There Lessons for International Capital Standards?, Journal of Banking & Finance, Vol. 36.
Gambacorta, Leonardo (2009). Monetary Policy and the Risk-Taking Channel, BIS Quarterly Review, December 2009.
Gambacorta, Leonardo, Signoretti, Federico M. (2014). Should Monetary Policy Lean Against the Wind?: An Analysis Based on a DSGE Model with Banking, Journal of Economic Dynamics and Control, Vol. 43.
Gameiro, Isabel Marques, Soares, Carla, Sousa, João (2011). Monetary Policy and Financial Stability: An Open Debate, Banco de Portugal Economic Bulletin, Spring 2011.
Ghilardi, Matteo F., Peiris, Shanaka J. (2014). Capital Flows, Financial Intermediation, and Macroprudential Policies, IMF Working Paper, No. 157.
Geanakoplos, John (2010). Solving the Present Crisis and Managing the Leverage Cycle, FRBNY Economic Policy Review, August 2010.
Gelain, Paolo, Ilbas, Pelin (2014). Monetary and Macroprudential Policies in an Estimated Model with Financial Intermediation, National Bank of Belgium Working Paper, No. 258.
Gerlach, Stefan (2012). Housing Markets and Financial Stability, Speech Held at the National University of Ireland, Galway, 20 April 2012.
Giese, Julia, Nelson, Benjamin, Tanaka, Misa, Tarashev, Nikola (2013). How Could Macroprudential Policy Affect Financial System Resilience and Credit? Lessons from the Literature, Bank of England Financial Stability Paper, No. 21.
Giordana, Gaston, Schumacher, Ingmar (2013). Bank Liquidity Risk and Monetary Policy. Empirical Evidence on the Impact of Basel III Liquidity Standards, International Review of Applied Economics, Vol. 27, No. 5.
Giuliodori, Massimo (2005). The Role of House Prices in the Monetary Transmission Mechanism Across European Countries, Scottish Journal of Political Economy, Vol. 52, No. 4, pp. 519–543. CrossRef
Goodhart, Charles (2009). Procyclicality and Financial Regulation, Bank of Spain Revista de Estabilidad Financiera, No. 16.
Goodhart, Charles (2014). The Use of Macroprudential Instruments. In: ‘ Macroprudentialism’, (ed.) Dirk Schoenmaker, CEPR Press, Washington, DC.
Habermas, Jurgen (2013). Democracy, Solidarity and the European Crisis. In: ‘ Roadmap to a Social Europe’, (eds.) Anne-Marie Grozelier, Björn Hacker, Wolfgang Kowalsky, Jan Machnig, Henning Meyer and Brigitte Unger, Social Europe Report.
Havemann, Roy (2014). Counter-Cyclical Capital Buffers and Interest-Rate Policy as Complements – The Experience of South Africa, ERSA Working Paper, No. 476.
Holt, Jeff (2009). A Summary of the Primary Causes of the Housing Bubble and the Resulting Credit Crisis: A Non-technical Paper, The Journal of Business Inquiry, Vol. 8, No. 1.
Igan, Deniz, Kang, Heedon (2011). Do Loan-to-Value and Debt-to-Income Limits Work? Evidence from Korea, IMF Working Paper, No. 297.
IMF (2008). The Changing Housing Cycle and the Implications for Monetary Policy, World Economic Outlook – Housing and the Business Cycle, Washington, DC.
IMF (2011). Macroprudential Policy: An Organizing Framework. Available at: https://www.imf.org/external/np/pp/eng/2011/031411.pdf
IMF (2012). The Interaction between Macroprudential and Monetary Policies: Background Paper.
IMF (2013a). The interaction of Monetary and Macroprudential Policies, 29 January 2013.
IMF (2013b). European Union: Publication of Financial Sector Assessment Program Documentation—Technical Note on Macroprudential Oversight and the Role of the ESRB, IMF Country Report, No. 13/70.
Irving Fisher Committee on Central Bank Statistics (2015). Data-Sharing: Issues and Good Practices, Report to BIS Governors Prepared by the Task Force on Data Sharing, January 2015.
Jiménez, Gabriel, Ongena, Steven, Peydró, José Luis, Saurina, Jesús (2008). Hazardous Times for Monetary Policy: What Do Twenty-Three Million Bank Loans Say about the Effects of Monetary Policy on Credit Risk-Taking?, Banco de Espana Documentos de Trabajo, No. 0833.
Kafer, Benjamin (2014). The Taylor Rule and Financial Stability: A Literature Review with Application for the Euro Zone, Review of Economics, Vol. 65.
Kaltenthaler, Karl, Anderson, Chirstopher J., Miller, William J. (2010). Accountability and Independent Central Banks: Europeans and Distrust of the European Central Bank, JCMS: Journal of Common Market Studies, Vol. 48, Issue 5.
Kannan, Prakash, Rabanal, Pau, Scott, Alasdair (2009). Monetary and Macroprudential Policy Rules in a Model with House Price Booms, IMF Working Paper, No. 251.
Karmakar, Sudipto (2013). Macroprudential Regulation and Macroeconomic Activity, MPRA Paper, No. 52172.
Kawata, Hiroshi, Kurachi, Yoshiyuki, Nakamura, Koji, Teranishi, Yuki (2013). Impact of Macroprudential Policy Measures on Economic Dynamics: Simulation Using a Financial Macro-econometric Model, Bank of Japan Working Paper Series, No. 13-E-3.
Kim, Choongsoo (2013). Harmonious Operation of Macroprudential and Monetary Policies, and Challenges, Speech at the International Seminar on ‘Macroprudential and Monetary Policies’, Bank of Korea, Seoul, 8 April 2013.
Kydland, Finn E., Prescott, Edward C. (1977). Rules Rather than Discretion: The Inconsistency of Optimal Plans. Journal of Political Economy, Vol. 87, Issue 3.
Lambertini, Luisa, Mendicino, Caterina, Punzi, Maria Teresa (2013). Leaning Against Boom–Bust Cycles in Credit and Housing Prices, Journal of Economic Dynamics and Control, Vol. 37, Issue 8.
Laseen, Stefan, Pescatori, Andrea, Turunen, Jarkko (2015). Systemic Risk: A New Trade-off for Monetary Policy?, IMF Working Paper Series, No. 142.
Lastra, Maria Rosa (2015). Systemic Risk and Macroprudential Supervision. In: ‘ The Oxford Handbook of Financial Regulation’, (eds.) Moloney Niamh, Eilis Ferran, Jennifer Payne, Oxford University Press.
Lautenschläger, Sabine (2014). The Interplay between Macro-prudential, Microprudential and Monetary Policies at the ECB, Speech Held at the Conference on “Macroprudential Policy – Implementation and Interaction with other Policies”, Stockholm, 13 November 2014.
Leduc, Sylvain, Natal, Jean-Marc (2015). Monetary and Macroprudential Policy in a Leveraged Economy, Federal Reserve Bank of San Francisco Working Paper, No. 15.
Levine, Paul, Lima, Diana (2015). Policy Mandates for Macro-prudential and Monetary Policies in a New Keynesian Framework, ECB Working Paper Series, No. 1784.
Lim, Cheng Hoon, Ramchand, Rishi, Wang, Hong, Wu, Xiaoyong (2013). Institutional Arrangements for Macroprudential Policy in Asia, IMF Working Paper, No. 165.
Listokin, Yair (2014). Law and Macroeconomics, Stanford Law and Economics Seminar, Autumn Quarter 2014.
Maddaloni, Angela, Peydró, José-Luis (2010). Bank Risk-Taking, Securitization, Supervision and Low Interest Rates: Evidence from the Euro Area and the U.S. Lending Standards, ECB Working Paper Series, No. 1248.
Maddaloni, Angela, Peydrò, Josè-Luis (2013). Monetary Policy, Macroprudential Policy, and Banking Stability: Evidence from the Euro Area, International Journal of Central Banking, Vol. 9, No. 1.
Majone, Giandomenico (1998). Europe’s ‘Democratic Deficit’: The Question of Standards, European Law Journal, Vol. 4, Issue 1.
Meeks, Roland (2015). Capital Regulation and Macroeconomic Activity: Implications for Macroprudential Policy. Online. Available at: https://www.aeaweb.org/conference/2015/retrieve.php?pdfid=1213
Mersch, Yves (2013). Monetary Policy and Financial Stability under One Roof, Keynote Speech Held at the 6th Policy Roundtable of the European Central Bank: “The Future of Global Policy Coordination”, 6 September 2013.
Mishkin, Frederic S. (1996). The Channels of Monetary Transmission: Lessons for Monetary Policy, NBER Working Paper, No. 5464 (Also Reprint No. r2054).
Mishkin, Frederic S. (1999). Central Banking in a Democratic Society, Springer Science+Business Media, New York.
Mishkin, Frederic S. (2007). Housing and the Monetary Transmission Mechanism, FRB Finance and Economics Discussion Series, No. 40.
Mundell, Robert A. (1962). The Appropriate Use of Monetary and Fiscal Policy for Internal and External Stability, IMF Staff Papers, Vol. 9, No. 1.
N’Diaye, Papa (2009). Countercyclical Macro Prudential Policies in a Supporting Role to Monetary Policy, IMF Working Paper, No. 257.
Nier, Erlend W. (2009). Financial Stability Frameworks and the Role of Central Banks: Lessons from the Crisis, IMF Working Paper, No. 70.
Nier, Erlend W. (2011). On the Governance of Macroprudential Policies. In: “Macroprudential Regulatory Policies: The New Road to Financial Stability?”, (eds.) Stijn Claessens, Douglas D. Evanoff, George G. Kaufman, Laura E. Kodres, World Scientific Studies in International Economics, Vol. 17.
Nier, Erlend W., Osiński, Jacek, Jácome, Luis I., Madrid, Pamela (2011a). Institutional Models for Macroprudential Policy, IMF Staff Discussion Note, No. 18.
Nier, Erlend W., Osiński, Jacek, Jácome, Luis I., Madrid, Pamela (2011b). Towards Effective Macroprudential Policy Frameworks: An Assessment of Stylized Institutional Models, IMF Working Papers, No. 250.
Nier, Erlend W., Tressel, Thierry (2011). The European Systemic Risk Board: Effectiveness of Macroprudential Oversight in Europe. In: ‘ Euro Area Policies: 2011 Article IV Consultation—Lessons from the European Financial Stability Framework Exercise; and Selected Issues Paper’, (eds.) Thomas Harjes, Nico Valckx, Thierry Tressel, Esther Perez Ruiz, Nandaka Molagoda, Erlend Nier, International Monetary Fund, Washington, DC.
OECD (2011). OECD Economic Outlook, Vol. 2011, Issue 1, OECD Publishing.
Olsen, Øystein (2013). Macroprudential Regulation and Monetary Policy, Speech at the Centre for Monetary Economics (CME)/BI Norwegian Business School, Oslo, 7 October 2013.
Osiński, Jacek (2013). Institutional Needs for Optimal Macroprudential Arrangements. In: ‘ Macroprudential Frameworks in Asia’, (eds.) Steven Barnett, Rodolfo Main, International Monetary Fund, Washington, DC.
Ozkan, F. Gulcin, Unsal, D. Filiz (2014). On the Use of Monetary and Macroprudential Policies for Small Open Economies, IMF Working Papers, No. 112.
Reifschneider, David, Williams, John C. (2000). Three Lessons for Monetary Policy in a Low-Inflation Era, Journal of Money, Credit and Banking, Vol. 32, No. 4, Part 2.
Reinert, Kenneth A., Rajan, Ramkishen S. (2009). The Princeton Encyclopedia of the World Economy, Princeton University Press.
Rhu, Hoo-Kyu (2011). Macroprudential Policy Framework, BIS Paper, No. 60.
Rochet, Jean-Charles (2008). Liquidity Regulation and the Lender of Last Resort, Banque de France Financial Stability Review, No. 11.
Roger, Scott, Vlček, Jan (2011). Macroeconomic Costs of Higher Bank Capital and Liquidity Requirements, IMF Working Paper, No. 103.
Rogoff, Kenneth (1985). The Optimal Degree of Commitment to an Intermediate Monetary Target, Quarterly Journal of Economics, Vol. 100.
Rubio, Margarita, Carrasco-Gallego, José A. (2014). Macroprudential and Monetary Policies: Implications for Financial Stability and Welfare, Journal of Banking & Finance, Vol. 49.
Ruser, Alexander (2015). By the Markets, of the Markets, for the Markets? Technocratic Decision Making and the Hollowing Out of Democracy, Global Policy Special Issue: “Changing the European Debate: A Rollback of Democracy, Vol. 6, Issue Supplement S1.
Scalia, Antonio, Longoni, Sergio, Rosolin, Tiziana (2013). The Net Stable Funding Ratio and Banks’ Participation in Monetary Policy Operations: Some Evidence for the Euro Area, Banca d’Italia Occasional Paper, No. 195.
Schmitz, Stefan W. (2013). The Impact of the Liquidity Coverage Ratio (LCR) on the Implementation of Monetary Policy, Economic Notes, Review of Banking, Finance, and Monetary Economics, Vol. 42, No. 2.
Shin, Hyun Song (2015). Macroprudential Tools, Their Limits and Their Connection with Monetary Policy. Panel Remarks at IMF Spring Meeting event: ‘Rethinking Macro Policy III: Progress or Confusion?’, Washington, DC, 15 April 2015.
Siklos, Pierre L., Werner, Thomas, Bohl, Martin T. (2004). Asset Prices in Taylor Rules: Specification, Estimation, and Policy Implications for the ECB, Bundesbank Discussion Paper Series 1: Economic Studies, No. 22/2004.
Smets, Frank, Christoffel, Kai, Coenen, Günter, Motto, Roberto, Rostagno Massimo (2010). DSGE Models and Their Use at the ECB, SERIEs, Vol. 1, Issue 1–2.
Smets, Frank, Wouters, Raf (2004). Forecasting with a Bayesian DSGE Model: An Application to the Euro Area, Journal of Common Market Studies, Vo. 42, No. 4.
Spencer, Grant (2014). Coordination of Monetary Policy and Macro-prudential Policy, Speech Held at the Credit Suisse Asian Investment Conference, Hong Kong, 27 March 2014.
Suh, Hyunduk (2012). Macroprudential Policy: Its Effects and Relationship to Monetary Policy, Federal Reserve Bank of Philadelphia Working Paper, No. 12–28.
Taylor, John B. (2009). The Financial Crisis and the Policy Responses: An Empirical Analysis of What Went Wrong, NBER Working Paper Series, No. 14631.
Tor, Avishalom, Aviram, Amitai (2004). Overcoming Impediments to Information Sharing, Alabama Law Review, Vol. 55, No. 2.
Trichet, Jean-Claude (2005). Asset Price Bubbles and Their Implications for Monetary Policy and Financial Stability. In: ‘ Asset Price Bubbles: The Implications for Monetary, Regulatory, and International Policies’ , (eds.) William C. Hunter, George G. Kaufman, Michael Pomerleano, The MIT Press, Cambridge.
Tröger, Tobias H. (2015). Regulatory Influence on Market Conditions in the Banking Union: The Cases of Macro-prudential Instruments and the Bail-in Tool, European Business Organization Law Review, Vol. 15, Issue 3.
Tucker, Paul (2016). Macroprudential Policy Regimes. In: “Progress and Confusion: The State of Macroeconomic Policy”, (eds.) Olivier Blanchard, Raghuram Rajan, Kenneth Rogoff, Lawrence H. Summers, The MIT Press.
Ueda, Kenichi, Valencia, Fabián (2014). Central Bank Independence and Macroprudential Regulation, Economics Letters, Vol. 125, No. 2.
Unsal, D. Filiz (2013). Capital Flows and Financial Stability: Monetary Policy and Macroprudential Responses, International Journal of Central Banking, Vol. 9, No. 1.
Visco, Ignazio (2012). Key Issues for the Success of Macroprudential Policies, BIS Papers, No. 60.
Volz, Ulrich (2015). Navigating the Trilemma: Central Banking in East Asia Between Inflation Targeting, Exchange-Rate Management and Guarding Financial Stability. In: ‘ Central Banking and Financial Stability in East Asia’ , (eds.) Frank Rövekamp, Moritz Bälz, Hanns Günther Hilpert, Springer International Publishing, Cham.
Wadhvani, Sushil (2014). Inflation Targeting, Capital Requirements and ‘Leaning Against the Wind’: Some Comments. In: ‘ Twenty Years of Inflation Targeting Lessons Learned and Future Prospects’, (eds.) David Cobham, Øyvind Eitrheim, Stefan Gerlach, Jan F. Qvigstad, Cambridge University Press.
Walsh, Carl E. (2010). Monetary Theory and Policy, The MIT Press, Cambridge.
White, Lawrence H. (2009). Federal Reserve Policy and the Housing Bubble, The Cato Journal, Vol. 29, Issue 1.
Wong, Eric, Fong, Tom, Li, Ka-fai Choi, Henry (2011). Loan-to-Value Ratio as a Macroprudential Tools – Hong-Kong’s Experience and Cross-Country Evidence, HKMA Working Paper, No. 01/2011.
Yellen, Janet L. (2010). Macroprudential Supervision and Monetary Policy in the Post-crisis World, Speech Held at the Annual Meeting of the National Association for Business Economics, Denver, 11 October 2010.
Yeşin, Pınar (2013). Foreign Currency Loans and Systemic Risk in Europe, Federal Reserve Bank of St. Louis Review, May/June.
- Policy Interactions and Conflicts
- Chapter 4
microm, Neuer Inhalt/© Stellmach, Neuer Inhalt/© Maturus, Pluta Logo/© Pluta, Avaloq/© Avaloq Evolution AG, Avaloq/© Avaloq