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150128 ||| eng |
| 020 |
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|a 9781498358262
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| 245 |
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|a Switzerland
|b Technical Note-Macroprudential Institutional Arrangements and Policies
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| 260 |
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|a Washington, D.C.
|b International Monetary Fund
|c 2014
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| 300 |
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|a 38 pages
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| 651 |
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4 |
|a Switzerland
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| 653 |
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|a Economic policy
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| 653 |
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|a Depository Institutions
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| 653 |
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|a Real Estate
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| 653 |
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|a Banks
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| 653 |
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|a Finance
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| 653 |
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|a Banks and banking
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| 653 |
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|a Financial sector stability
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| 653 |
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|a Industries: Financial Services
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| 653 |
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|a Financial sector policy and analysis
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| 653 |
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|a Financial institutions
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| 653 |
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|a General Financial Markets: Government Policy and Regulation
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| 653 |
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|a Housing Supply and Markets
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| 653 |
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|a Micro Finance Institutions
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| 653 |
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|a Housing; Prices
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| 653 |
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|a Mortgages
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| 653 |
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|a Property & real estate
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| 653 |
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|a Banks and Banking
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| 653 |
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|a Financial Markets and the Macroeconomy
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| 653 |
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|a Financial services industry
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| 653 |
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|a Prices
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| 653 |
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|a Macroeconomics
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| 653 |
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|a Banking
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| 653 |
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|a Real Estate Markets, Spatial Production Analysis, and Firm Location: General
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| 653 |
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|a Macroprudential policy
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| 653 |
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|a Real estate prices
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| 653 |
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|a Finance: General
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| 653 |
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|a Housing prices
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| 710 |
2 |
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|a International Monetary Fund
|b Monetary and Capital Markets Department
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| 041 |
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7 |
|a eng
|2 ISO 639-2
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| 989 |
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|b IMF
|a International Monetary Fund
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| 490 |
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|a IMF Staff Country Reports
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| 028 |
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|a 10.5089/9781498358262.002
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| 856 |
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|u https://elibrary.imf.org/view/journals/002/2014/269/002.2014.issue-269-en.xml?cid=41885-com-dsp-marc
|x Verlag
|3 Volltext
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| 082 |
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|a 330
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| 520 |
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|a This Technical Note on Macroprudential Institutional Arrangements and Policies on Switzerland highlights that macroprudential prudential powers and responsibilities are split across agencies. There is one dedicated macroprudential tool, the Counter Cyclical Buffer, which has a specified framework for decision making and consultation. Developments in real estate and mortgage lending are important systemic concerns. Very loose monetary policy has driven interest rates down to historically low levels, accelerating mortgage lending and bringing total mortgage debt to more than 140 percent of gross domestic product. The authorities have taken measures to address these risks. It is recommended that transparency and accountability could be strengthened by highlighting cross agency activity and policy analysis related to financial stability and macroprudential policies to the public. In a medium-term perspective macroprudential arrangements should be reviewed while considering placing responsibility and powers for macroprudential policies with one institution or committee. Additional measures may be needed. Mortgages to businesses and for commercial purposes deserve further attention and measures
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