Institutional Arrangements for Macroprudential Policy in Asia
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Summary:
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.
Series:
Working Paper No. 2013/165
Subject:
Banking Financial regulation and supervision Financial sector policy and analysis Financial sector stability Institutional arrangements for revenue administration Macroprudential policy Revenue administration Systemic risk
English
Publication Date:
July 17, 2013
ISBN/ISSN:
9781484338360/1018-5941
Stock No:
WPIEA2013165
Pages:
22
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