OECD Journal: Financial Market Trends

Frequency
Annual
ISSN: 
1995-2872 (online)
ISSN: 
1995-2864 (print)
http://dx.doi.org/10.1787/19952872
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The articles in Financial Market Trends focus on trends, structural issues and developments in financial markets and the financial sector.

Article
 

Macro-prudential policy, bank systemic risk and capital controls You do not have access to this content

English
 
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    http://oecd.metastore.ingenta.com/content/2713021ec001.pdf
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Author(s):
Adrian Blundell-Wignall, Caroline Roulet
20 Mar 2014
Pages:
22
Bibliographic information
No.:
5,
Volume:
2013,
Issue:
2
Pages:
7–28
http://dx.doi.org/10.1787/fmt-2013-5jzb2rhkhks4

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The paper explores the issue of macro-prudential policies in the light of empirical evidence on the determinants of bank systemic risk, and the effectiveness of capital controls. In many ways this reflects a step back in time towards sector approaches to monetary policy that were so prevalent in the 1960s, 1970s and early 1980s. Complexity and interdependence is such that proposals on these issues should be treated with care until much more is understood about the issue.
JEL Classification: C23, C25, F21, F43, G01.
Keywords: Macro-prudential policies, capital controls, economic growth, emerging economies, financial crisis.

 
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