Can macroprudential tools ensure financial stability?
Anne Épaulard
Abstract
Open-access reader
Anne Épaulard
Abstract
Open-access reader
Macroprudential tools are now commonly used by financial stability authorities. The need for these tools was recognized after the financial crisis of 2008 - 2009, when a new consensus emerged about the role of private leverage in triggering financial crises. However, we still know little about their effectiveness.
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Macroprudential tools are now commonly used by financial stability authorities. The need for these tools was recognized after the financial crisis of 2008 - 2009, when a new consensus emerged about the role of private leverage in triggering financial crises. However, we still know little about their effectiveness.
Key concepts: Leverage (statistics), Financial stability, Macroprudential regulation, Financial crisis, Business, Financial system, Systemic risk, Economics