原创力文档- 1、本文档共36页，可阅读全部内容。
- 2、原创力文档（book118）网站文档一经付费（服务费），不意味着购买了该文档的版权，仅供个人/单位学习、研究之用，不得用于商业用途，未经授权，严禁复制、发行、汇编、翻译或者网络传播等，侵权必究。
- 3、本站所有内容均由合作方或网友上传，本站不对文档的完整性、权威性及其观点立场正确性做任何保证或承诺！文档内容仅供研究参考，付费前请自行鉴别。如您付费，意味着您自己接受本站规则且自行承担风险，本站不退款、不进行额外附加服务；查看《如何避免下载的几个坑》。如果您已付费下载过本站文档，您可以点击 这里二次下载。
- 4、如文档侵犯商业秘密、侵犯著作权、侵犯人身权等，请点击“版权申诉”（推荐），也可以打举报电话：400-050-0827(电话支持时间：9:00-18:30)。
查看更多
A Survey of Macroprudential Policy Issues Department of 部门的宏观审慎政策问题调查
A Survey of Macroprudential Policy IssuesBy David LongworthJohn Weatherall Distinguished Fellow, Queen’s University, January – May, 2011Adjunct Research Professor, Carleton UniversityFellow, C.D. Howe InstituteVersion of 24 March 2011The author would like to thank Pierre Duguay, Frank Milne, and participants in the Weatherall Seminar at Queen’s University for their comments. The author may be reached at:David_Longworth@carleton.ca A Survey of Macroprudential Policy IssuesIntroductionTen years ago few central bankers could have given a clear description of what “macroprudential” policy meant, even though the term had been around between 15 and 25 years. Indeed, until 2008, there was very little use of it in general economic circles. The financial crisis, which reverberated through the financial systems of the developed world, brought the concept to the fore.A speech by Andrew Crockett (2000), then General Manager of the Bank for International Settlements, had given the term greater prominence in central banking and regulatory circles. The work by Claudio Borio and William White (e.g., Borio and White, 2004) of the BIS over the last decade in spelling out what kinds of things might be incorporated in macroprudential policy led central bankers to start taking on board more of the ideas.Macroprudential policy may be seen as prudential policies (policies for “safety and soundness”) that are aimed at mitigating systemic risk, where systemic risk may be defined as “a risk of disruption to financial services that is caused by an impairment of all or parts of the financial system and has the potential to have serious negative consequences for the real economy.” (International Monetary Fund et al., 2009). This can be done both by strengthening the resilience of the overall financial system to shocks and by actively limiting the build-up of risks (CGFS, 2010b). It has been noted that, by the derivation of the term macroprudential, macroprudential policies should have a “macro
文档评论（0）