Macroprudential Policy Frameworks in Developing Asian Economies

Publication | March 2017
Macroprudential Policy Frameworks in Developing Asian Economies

As Asia becomes more interconnected, a key priority is to ensure that macroprudential policies adequately help control systemic risks.

This paper presents a general macroprudential policy framework that highlights important aspects for conducting policy. It also provides an overview of how some Asian economies, New Zealand, and the euro area implement their macroprudential policies. It reviews existing macroprudential policy frameworks of five high-growth developing economies—Cambodia, Mongolia, Myanmar, Sri Lanka, and Viet Nam—identifying improvements and continuing challenges for their financial systems, which will likely grow more complex. Identifying and addressing key issues will help improve their existing macroprudential policy frameworks.

Contents 

  • Tables and Figures
  • Abstract
  • Introduction 
  • Key Aspects in a General Macroprudential Policy Framework
  • Macroprudential Policy Experiences of Selected Countries and Regions
  • Macroprudential Policy for Select Developing Asian Countries
  • Conclusion 
  • Appendixes 
  • References