Central Banking, Macroprudential Supervision and Insurance - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Central Banking, Macroprudential Supervision and Insurance write by Donato Masciandaro. This book was released on 2014. Central Banking, Macroprudential Supervision and Insurance available in PDF, EPUB and Kindle. This paper offers a positive analysis of the relationships between central banking, macro prudential supervision and insurance, presenting three contributions. Starting from the review of the recent theoretical models, which directly or indirectly take the issue of the central bank involvement in macro supervision, it has been discovered that two relevant topics are missed: the political economy of the macro supervisory architecture design and the role of the insurance interconnectedness. Therefore a principal agent model is used to design a political economy framework, which explains how the politicians can shape the central bank governance in addressing systemic risks in insurance. Finally, the framework is used to analyse the present institutional settings in 39 countries.
Macroprudential Supervision in Insurance
Macroprudential Supervision in Insurance - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Macroprudential Supervision in Insurance write by J. Monkiewicz. This book was released on 2014-11-04. Macroprudential Supervision in Insurance available in PDF, EPUB and Kindle. Macroprudential policies, tools and supervision have become important since the last financial crisis. This book addresses general and methodological issues and provides a framework for the analysis of macroprudential policies and supervision in insurance. It focuses on policy related issues and global level aspects of macroprudential in insurance.
Macroprudential Policy - An Organizing Framework - Background Paper
Macroprudential Policy - An Organizing Framework - Background Paper - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Macroprudential Policy - An Organizing Framework - Background Paper write by International Monetary Fund. Monetary and Capital Markets Department. This book was released on 2011-03-14. Macroprudential Policy - An Organizing Framework - Background Paper available in PDF, EPUB and Kindle. MCM conducted a survey in December 2010 to take stock of international experiences with financial stability and the evolving macroprudential policy framework. The survey was designed to seek information in three broad areas: the institutional setup for macroprudential policy, the analytical approach to systemic risk monitoring, and the macroprudential policy toolkit. The survey was sent to 63 countries and the European Central Bank (ECB), including all countries in the G-20 and those subject to mandatory Financial Sector Assessment Programs (FSAPs). The target list is designed to cover a broad range of jurisdictions in all regions, but more weight is given to economies that are systemically important (see Annex for details). The response rate is 80 percent. This note provides a summary of the survey’s main findings.
Systemic Risk, Crises, and Macroprudential Regulation
Systemic Risk, Crises, and Macroprudential Regulation - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Systemic Risk, Crises, and Macroprudential Regulation write by Xavier Freixas. This book was released on 2023-08-22. Systemic Risk, Crises, and Macroprudential Regulation available in PDF, EPUB and Kindle. A framework for macroprudential regulation that defines systemic risk and macroprudential policy, describes macroprudential tools, and surveys the effectiveness of existing macroprudential regulation. The recent financial crisis has shattered all standard approaches to banking regulation. Regulators now recognize that banking regulation cannot be simply based on individual financial institutions' risks. Instead, systemic risk and macroprudential regulation have come to the forefront of the new regulatory paradigm. Yet our knowledge of these two core aspects of regulation is still limited and fragmented. This book offers a framework for understanding the reasons for the regulatory shift from a microprudential to a macroprudential approach to financial regulation. It defines systemic risk and macroprudential policy, cutting through the generalized confusion as to their meaning; contrasts macroprudential to microprudential approaches; discusses the interaction of macroprudential policy with macroeconomic policy (monetary policy in particular); and describes macroprudential tools and experiences with macroprudential regulation around the world. The book also considers the remaining challenges for establishing effective macroprudential policy and broader issues in regulatory reform. These include the optimal size and structure of the financial system, the multiplicity of regulatory bodies in the United States, the supervision of cross-border financial institutions, and the need for international cooperation on macroprudential policies.
Macroprudential Banking Supervision & Monetary Policy
Macroprudential Banking Supervision & Monetary Policy - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Macroprudential Banking Supervision & Monetary Policy write by Luca Amorello. This book was released on 2018-08-27. Macroprudential Banking Supervision & Monetary Policy available in PDF, EPUB and Kindle. The European experience suggests that the efforts made to achieve an efficient trade-off between monetary policy and prudential supervision ultimately failed. The severity of the global crisis have pushed central banks to explore innovative tools—within or beyond their statutory constraints—capable of restoring the smooth functioning of the financial cycle, including setting macroprudential policy instruments in the regulatory toolkit. But macroprudential and monetary policies, by sharing multiple transmission channels, may interact—and conflict—with each other. Such conflicts may represent not only an economic challenge in the pursuit of price and financial stability, but also a legal uncertainty characterizing the regulatory developments of the EU macroprudential and monetary frameworks. In analyzing the “legal interaction” between the two frameworks in the EU, this book seeks to provide evidence of the inconsistencies associated with the structural separation of macroprudential and monetary frameworks, shedding light upon the legal instruments that could reconcile any potential policy inconsistency.
