Macroprudential policy

BIS Papers No 86
September 2016

This volume contains 17 papers presented at the joint Central Bank of the Republic of Turkey (CBRT) - Bank for International Settlements (BIS) - International Monetary Fund (IMF) conference on "Macroprudential policy: effectiveness and implementation challenges" held in Istanbul, Turkey, during Turkey's presidency of the G20. They address the history, the theory and the practical implementation of macroprudential policies.

They analyse, inter alia: the nature of interactions with other policies (notably monetary policy and microprudential regulation); how macroprudential policies can cope with external shocks and what cross-border spillover effects arise; and the effectiveness of various macroprudential policy tools. Several country case studies are presented.

JEL classification: E43, E58, F41, F42, G28

Session 1: "Macroprudential policy and its interactions with other policies"

Session 2: "Spillover effects of macroprudential policy tools"

Session 3: "External shocks and macroprudential policy"

Session 4: "Country experiences with macroprudential policies (I)"

Session 5: "Effectiveness of macroprudential policy tools"

Session 6: "Country experiences with macroprudential policies (II)"

Session 7: "Microprudential and macroprudential links and policy frameworks"