<abstract xmlns="http://www.w3.org/1999/xhtml"><p> Notwithstanding the rapid growth in the popularity of and the increasing number of research papers on macroprudential policy, the general public still has a relatively unclear perception of this concept. The main purpose of this paper is to explain briefly the most important concepts related to macroprudential policy and describe its objectives. Emphasis is put on explaining the main stages of a macroprudential cycle, the relationship between macroprudential policy and other economic policies, and the costs and benefits of macroprudential regulations.</p></abstract>

Notwithstanding the rapid growth in the popularity of and the increasing number of research papers on macroprudential policy, the general public still has a relatively unclear perception of this concept. The main purpose of this paper is to explain briefly the most important concepts related to macroprudential policy and describe its objectives. Emphasis is put on explaining the main stages of a macroprudential cycle, the relationship between macroprudential policy and other economic policies, and the costs and benefits of macroprudential regulations.

A Brief Introduction to the World of Macroprudential Policy

Journal of Central Banking Theory and Practice

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 License.

{"article-title":"A Brief Introduction to the World of Macroprudential Policy"}

Notwithstanding the rapid growth in the popularity of and the increasing number of research papers on macroprudential policy, the general public still has a...

A Brief Introduction to the World of Macroprudential Policy

Published Online: Feb 08, 2017

Page range: 87 - 109

Received: Mar 24, 2016

Accepted: Jun 30, 2016

DOI: https://doi.org/10.1515/jcbtp-2017-0005

Keywords
macroprudential policy, financial stability, systemic risks

© Central Bank of Montenegro

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 License.

A Brief Introduction to the World of Macroprudential Policy

Published Online: Feb 08, 2017

Page range: 87 - 109

Received: Mar 24, 2016

Accepted: Jun 30, 2016

DOI: https://doi.org/10.1515/jcbtp-2017-0005

Keywordsmacroprudential policy, financial stability, systemic risks

© Central Bank of Montenegro

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 License.

Keywords
macroprudential policy, financial stability, systemic risks