Experiences with Macroprudential Policy—Five Case Studies

This paper presents case studies of macroprudential policy in five jurisdictions (Hong Kong SAR, the Netherlands, New Zealand, Singapore, and Sweden). The case studies describe the institutional framework, its evolution, the use of macroprudential tools, and the circumstances under which the tools h...

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Bibliographic Details
Main Author: Darbar, Salim
Other Authors: Wu, Xiaoyong
Format: eBook
Language:English
Published: Washington, D.C. International Monetary Fund 2015
Series:IMF Working Papers
Subjects:
Online Access:
Collection: International Monetary Fund - Collection details see MPG.ReNa
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245 0 0 |a Experiences with Macroprudential Policy—Five Case Studies  |c Salim Darbar, Xiaoyong Wu 
260 |a Washington, D.C.  |b International Monetary Fund  |c 2015 
300 |a 41 pages 
651 4 |a Hong Kong Special Administrative Region, People's Republic of China 
653 |a Loans 
653 |a Real Estate 
653 |a Financial Markets and the Macroeconomy 
653 |a Banks 
653 |a Infrastructure 
653 |a Housing 
653 |a Finance 
653 |a Macroeconomics 
653 |a Saving and investment 
653 |a Micro Finance Institutions 
653 |a Central Banks and Their Policies 
653 |a Property & real estate 
653 |a Macroprudential policy 
653 |a Financial sector policy and analysis 
653 |a Economic policy 
653 |a Industries: Financial Services 
653 |a Prices 
653 |a Mortgages 
653 |a Banking 
653 |a Financial Institutions and Services: Government Policy and Regulation 
653 |a Housing prices 
653 |a Banks and banking 
653 |a Economic Development: Urban, Rural, Regional, and Transportation Analysis 
653 |a National accounts 
653 |a Housing Supply and Markets 
653 |a Depository Institutions 
653 |a Financial institutions 
653 |a Banks and Banking 
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520 |a This paper presents case studies of macroprudential policy in five jurisdictions (Hong Kong SAR, the Netherlands, New Zealand, Singapore, and Sweden). The case studies describe the institutional framework, its evolution, the use of macroprudential tools, and the circumstances under which the tools have been used. The paper shows how macroprudential policy is conducted under a heterogeneous set of institutional frameworks. In all cases macroprudential tools have been used to address risks in the housing market. In addition, some of them have moved to enhance the resilience of their banks to more general cyclical and structural risks