Institutional Arrangements for Macroprudential Policy in Asia

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...

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Bibliographic Details
Main Author: Lim, Cheng
Other Authors: Ramchand, Rishi, Wagner, Helen, Wu, Xiaoyong
Format: eBook
Language:English
Published: Washington, D.C. International Monetary Fund 2013
Series:IMF Working Papers
Subjects:
Online Access:
Collection: International Monetary Fund - Collection details see MPG.ReNa
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651 4 |a Hong Kong Special Administrative Region, People's Republic of China 
653 |a Banking 
653 |a Systemic risk 
653 |a Micro Finance Institutions 
653 |a General Financial Markets: Government Policy and Regulation 
653 |a Financial risk management 
653 |a Business and Financial 
653 |a Banks and Banking 
653 |a Financial sector stability 
653 |a Depository Institutions 
653 |a Economic policy 
653 |a Macroeconomics 
653 |a Financial services industry 
653 |a Public Finance 
653 |a Financial Markets and the Macroeconomy 
653 |a Law and legislation 
653 |a Financial sector policy and analysis 
653 |a Taxation, Subsidies, and Revenue: General 
653 |a Finance: General 
653 |a Financial regulation and supervision 
653 |a Central Banks and Their Policies 
653 |a Banks and banking 
653 |a Financial Institutions and Services: Government Policy and Regulation 
653 |a Mortgages 
653 |a Financial services law & regulation 
653 |a Macroprudential policy 
653 |a Revenue administration 
653 |a Banks 
653 |a Finance 
653 |a Institutional arrangements for revenue administration 
653 |a Public finance & taxation 
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520 |a 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