Macroprudential Regulation and Policy

155 Pages Posted: 14 Feb 2012

Date Written: December 1, 2011

Abstract

The Bank for International Settlements (BIS) and the Bank of Korea (BoK) jointly organized a conference on macroprudential regulation and policy in Seoul, Korea, on 16-18 January 2011. The conference aimed to bring academics together with researchers at central banks and other public institutions to present and discuss ongoing theoretical and empirical work in the field. In response to their call for papers, the organizers received more than 75 submissions from central banks, public agencies, supranational organizations and academic institutions. From these, a selection committee from the BIS and the BoK chose 12 papers organized around the following four themes: systemic risk; financial system procyclicality; macroeconomic impact studies and early warning indicators; and (iv) effective implementation of macroprudential policy.

In all, 35 participants took part, including central bank economists from Asia and the Pacific, Europe, Latin America and the United States, as well as academics from Europe, Korea and North America. Governor Choongsoo Kim of the BoK gave the welcome address, and Governor Stefan Ingves of Sveriges Riksbank and Professor Hyun Song Shin from Princeton University gave keynote speeches. The conference concluded with a policy panel focusing on macroprudential policy frameworks. This volume is a collection of the welcome address, keynote speeches, revised versions of all papers presented during the conference and the panel discussions.

JEL Classification: D14, E21, E52, G01, G28

Suggested Citation

Settlements, Bank for International, Macroprudential Regulation and Policy (December 1, 2011). BIS Paper No. 60, Available at SSRN: https://ssrn.com/abstract=2002653

Bank for International Settlements (Contact Author)

Bank for International Settlements (BIS) ( email )

Centralbahnplatz 2
Basel, Basel-Stadt 4051
Switzerland

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