Institutional Arrangements for Macroprudential Policy in Asia

23 Pages Posted: 8 Aug 2013

See all articles by Cheng Hoon Lim

Cheng Hoon Lim

International Monetary Fund (IMF)

Rishi Ramchand

International Monetary Fund (IMF)

Hong Wang

International Monetary Fund (IMF)

X. Wu

International Monetary Fund (IMF)

Date Written: July 2013

Abstract

This paper surveys institutional arrangements for macroprudential policy in Asia. Central banks in Asia typically have a financial stability mandate, and play a key role in the macroprudential framework. Smaller and more open economies with prudential regulation inside the central bank tend to have institutional arrangements that give the central bank a leading role. In larger and more complex economies where prudential regulation is outside the central bank, the financial stability mandate is usually shared with other agencies and the government tends to play a leading role. Domestic policy coordination is typically performed by a financial stability committee/other coordination body while cross-border cooperation is largely governed by Memoranda of Understanding.

Keywords: Macroprudential Policy, Asia, Central banks, Financial stability, Central bank role, banking, financial stability, institutional arrangements, macroprudential, regulation, financial stability, banking, financial system, deposit insurance, financial services, financial regulation, prudential regulation, financial sector, monetary authority, financial institutions, banking supervision, financial markets, financial deregulation, bank supervision, central banking, offshore banking, financial systems, banking sector, global stock markets, bank of indonesia, derivatives markets, banking crises, bank act, bank governors, bank branches, bank failure, bank of japan, banking system, banking regulation

JEL Classification: G28, E58

Suggested Citation

Lim, Cheng Hoon and Ramchand, Rishi and Wang, Hong and Wu, Xiaoyong, Institutional Arrangements for Macroprudential Policy in Asia (July 2013). IMF Working Paper No. 13/165, Available at SSRN: https://ssrn.com/abstract=2307407

Cheng Hoon Lim

International Monetary Fund (IMF) ( email )

700 19th Street, N.W.
Washington, DC 20431
United States

Rishi Ramchand

International Monetary Fund (IMF) ( email )

700 19th Street, N.W.
Washington, DC 20431
United States

Hong Wang

International Monetary Fund (IMF) ( email )

700 19th Street, N.W.
Washington, DC 20431
United States

Xiaoyong Wu

International Monetary Fund (IMF) ( email )

700 19th Street, N.W.
Washington, DC 20431
United States

Do you have a job opening that you would like to promote on SSRN?

Paper statistics

Downloads
118
Abstract Views
1,290
rank
280,439
PlumX Metrics