Macro-prudential policy as a new challenge for the central bank Cover Image

Polityka makroostrożnościowa jako nowe wyzwanie banku centralnego
Macro-prudential policy as a new challenge for the central bank

Author(s): Monika Kępa
Subject(s): Economy, Supranational / Global Economy, Economic policy
Published by: Wydawnictwo Naukowe Uniwersytetu Szczecińskiego
Keywords: financial crisis; macro-prudential policy; central bank; macro-prudential supervision; stability of financial sector;

Summary/Abstract: In the herein publication I will discuss the role of and vehicles for macro-prudential policy in affecting stability of banking sector. The experience of the latest financial crisis leads to the conclusion that the past structure of financial security system lacked an organ monitoring and identifying threats to financial stability, but also taking measures to reduce and constrain them. In response to this weakness of the system a regulatory reform that encompasses laying down formal and legal frameworks of macro-prudential policy has emerged. Therefore, this publication aims to present issues connected with organization of macro-prudential policy. The release includes theoretical issues as well as an analysis of the financial crisis standpoint.

  • Issue Year: 2015
  • Issue No: 11
  • Page Range: 21-28
  • Page Count: 8
  • Language: Polish