Squaring the cycle: capital flows, financial cycles, and macro-prudential policy in the euro area
"The financial crisis has prompted a renewed interest in macro-prudential policy as a framework to address the stability of the financial system as a whole, rather than only its individual components. The purpose of this paper is to contribute to the European macro-prudential discussion by esta...
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| Institution: | ETUI-European Trade Union Institute |
| Format: | TEXT |
| Language: | English |
| Published: |
Brussels
2015
Bruegel |
| Subjects: | |
| Online Access: | https://www.labourline.org/KENTIKA-19107848124919250209-Squaring-the-cycle-capital-flo.htm |
| Summary: | "The financial crisis has prompted a renewed interest in macro-prudential policy as a framework to address the stability of the financial system as a whole, rather than only its individual components. The purpose of this paper is to contribute to the European macro-prudential discussion by establishing empirically the special challenges that the set-up of macro-prudential policy in the euro area needs to confront." |
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| Physical Description: | 44 p. Digital |