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Full-Text Articles in Social and Behavioral Sciences
Macro-Financial Linkages: Implications Or Monetary And Financial System Stability, Frank Chikezie
Macro-Financial Linkages: Implications Or Monetary And Financial System Stability, Frank Chikezie
Economic and Financial Review
This paper is structured into two parts. Section I discuss the structure of the macroeconomy and the financial industry, and the interactions between monetary policy and the financial system. The section also showed how monetary policy could create the condition for financial stability. Section 2, on the other hand, discuss the implications of macro-financial linkages for monetary and financial system stability with emphasis on how the new credit risk transfer mechanism (securitisation and derivatives) had altered the nature of some macro-financial linkages, with considerable policy implications. The section concluded by referring to the new direction of macro-prudential regulation and the …
Macro-Prudential Policies And Financial Stability: A Theoretical Background, Yusuf B. Duniya
Macro-Prudential Policies And Financial Stability: A Theoretical Background, Yusuf B. Duniya
Economic and Financial Review
The paper is organized as follows: section two and three contains conceptual issues and theoretical perspectives, respectively, while section four looked at complementarity and differences between macro-prudential and micro-prudential regulation. Thereafter, section five reviewed objectives and rationale for macro-prudential regulation vis-Ã -vis its institutional framework and scope. Section six looked at instruments of macro-prudential regulation and the implication of the new Basel III, while section seven focused on institutional and governance structure as key elements of macro-prudential regulation. The paper further gave a general insight on how macro-prudential policy framework should be structured in section eight and later concluded in …
Financial System Stability Framework: The Emerging Economies Experience, Mudasiru A. Adegbite
Financial System Stability Framework: The Emerging Economies Experience, Mudasiru A. Adegbite
Economic and Financial Review
The objective of this paper is to review the macro-prudential framework, its tools and its nexus with financial stability. The experience of the emerging market economies in designing macro prudential framework would be highlighted. The remaining sections of the paper are divided into six. Following this introduction, section 2 contrasts macroprudential policy issues against micro-prudential issues. Section 3 discusses macroprudential framework in different jurisdictions. particularly in the emerging market economies vis-a-vis developed economies. Section 4 discusses the experience of some emerging economies in the implementation of macro-prudential policies. While section 5 reviews major benefits of macro-prudential policy analysis. Section 6 …