Macroprudential Frameworks, Implementation and Relationship with Other Policies - Overview
5 Pages Posted: 24 Jan 2018
Date Written: December 2017
Emerging market central banks have a long history of using macroprudential instruments. In the aftermath of the Asian crisis, central banks in the region deployed macroprudential tools first to deal with the fallout of crisis and then to prevent vulnerabilities from building up again. Similarly, central banks in Latin America and other regions used macroprudential tools to prevent large swings in external financing from turning into domestic financial booms and busts.
This volume collects the background papers of a meeting of Deputy Governors of central banks from emerging market economies (EMEs), who met in Basel in February 2017 to exchange their experience with designing macroprudential frameworks and implementing macroprudential instruments. The volume includes country notes prepared by participating central banks, as well as the background papers by the BIS.
JEL Classification: E51, E58, G21
Suggested Citation: Suggested Citation