Monetary Policy and Macroprudential Regulation : Whither Emerging Markets

Confidence in combining inflation-targeting-cum-flexible-exchange-rate regimes with isolated microprudential regulation as a means to guarantee both macroeconomic and financial stability has been shattered by the scale and synchronization of asset...

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Main Authors:	Canuto, Otaviano, Cavallari, Matheus
Format:	Policy Research Working Paper
Language:	English en_US
Published:	World Bank, Washington, DC 2013
Subjects:	ADVANCED ECONOMIES ASSET PRICE VOLATILITY CENTRAL BANKERS DEBT OVERHANG EMERGING ECONOMIES FINANCIAL STABILITY FLEXIBLE EXCHANGE RATE INFLATION TARGETING MACROECONOMIC STABILITY MICROPRUDENTIAL REGULATION MONETARY POLICIES POLICY AND REGULATORY COORDINATION
Online Access:	http://documents.worldbank.org/curated/en/2013/01/17158685/monetary-policy-macroprudential-regulation-whither-emerging-markets http://hdl.handle.net/10986/12175

id	okr-10986-12175
recordtype	oai_dc
spelling	okr-10986-121752021-04-23T14:03:06Z Monetary Policy and Macroprudential Regulation : Whither Emerging Markets Canuto, Otaviano Cavallari, Matheus ADVANCED ECONOMIES ASSET PRICE VOLATILITY CENTRAL BANKERS DEBT OVERHANG EMERGING ECONOMIES FINANCIAL STABILITY FLEXIBLE EXCHANGE RATE INFLATION TARGETING MACROECONOMIC STABILITY MICROPRUDENTIAL REGULATION MONETARY POLICIES POLICY AND REGULATORY COORDINATION Confidence in combining inflation-targeting-cum-flexible-exchange-rate regimes with isolated microprudential regulation as a means to guarantee both macroeconomic and financial stability has been shattered by the scale and synchronization of asset price booms and busts that preceded the current global financial crisis. This paper has a two-fold purpose. On the one hand, it explores the implications and challenges of acknowledging the need for coordination between monetary policies and macroprudential regulation. On the other, it points out specific challenges currently faced by central bankers in emerging economies, as they cope with policy and regulatory coordination in a context of debt overhang and unconventional monetary policies in advanced economies. 2013-01-28T19:50:45Z 2013-01-28T19:50:45Z 2013-01 http://documents.worldbank.org/curated/en/2013/01/17158685/monetary-policy-macroprudential-regulation-whither-emerging-markets http://hdl.handle.net/10986/12175 English en_US Policy Research Working Paper; No. 6310 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank World Bank, Washington, DC Publications & Research :: Policy Research Working Paper Publications & Research
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
language	English en_US
topic	ADVANCED ECONOMIES ASSET PRICE VOLATILITY CENTRAL BANKERS DEBT OVERHANG EMERGING ECONOMIES FINANCIAL STABILITY FLEXIBLE EXCHANGE RATE INFLATION TARGETING MACROECONOMIC STABILITY MICROPRUDENTIAL REGULATION MONETARY POLICIES POLICY AND REGULATORY COORDINATION
spellingShingle	ADVANCED ECONOMIES ASSET PRICE VOLATILITY CENTRAL BANKERS DEBT OVERHANG EMERGING ECONOMIES FINANCIAL STABILITY FLEXIBLE EXCHANGE RATE INFLATION TARGETING MACROECONOMIC STABILITY MICROPRUDENTIAL REGULATION MONETARY POLICIES POLICY AND REGULATORY COORDINATION Canuto, Otaviano Cavallari, Matheus Monetary Policy and Macroprudential Regulation : Whither Emerging Markets
relation	Policy Research Working Paper; No. 6310
description	Confidence in combining inflation-targeting-cum-flexible-exchange-rate regimes with isolated microprudential regulation as a means to guarantee both macroeconomic and financial stability has been shattered by the scale and synchronization of asset price booms and busts that preceded the current global financial crisis. This paper has a two-fold purpose. On the one hand, it explores the implications and challenges of acknowledging the need for coordination between monetary policies and macroprudential regulation. On the other, it points out specific challenges currently faced by central bankers in emerging economies, as they cope with policy and regulatory coordination in a context of debt overhang and unconventional monetary policies in advanced economies.
format	Publications & Research :: Policy Research Working Paper
author	Canuto, Otaviano Cavallari, Matheus
author_facet	Canuto, Otaviano Cavallari, Matheus
author_sort	Canuto, Otaviano
title	Monetary Policy and Macroprudential Regulation : Whither Emerging Markets
title_short	Monetary Policy and Macroprudential Regulation : Whither Emerging Markets
title_full	Monetary Policy and Macroprudential Regulation : Whither Emerging Markets
title_fullStr	Monetary Policy and Macroprudential Regulation : Whither Emerging Markets
title_full_unstemmed	Monetary Policy and Macroprudential Regulation : Whither Emerging Markets
title_sort	monetary policy and macroprudential regulation : whither emerging markets
publisher	World Bank, Washington, DC
publishDate	2013
url	http://documents.worldbank.org/curated/en/2013/01/17158685/monetary-policy-macroprudential-regulation-whither-emerging-markets http://hdl.handle.net/10986/12175
_version_	1764422153353035776

Monetary Policy and Macroprudential Regulation : Whither Emerging Markets

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