Macroprudential Policy in Asian Economies

Publication | April 2019

This paper examines the effectiveness of capital account policies for 11 emerging Asian economies from 2000 to 2015.

It analyzes macroprudential policy in 11 Asian economies since 2000 and examines its effect on financial stability and key macroeconomic variables. The findings suggest that policy authorities may experience policy conflicts in achieving financial and macroeconomic stability objectives. Since the global financial crisis, special attention has been paid to macroprudential policy to attain macroeconomic stability by securing financial stability.

Contents 

  • Introduction
  • Macroprudential Policy, Monetary Policy, and Credit
    • Macroprudential Policy Actions
    • Cyclical Credit, Monetary Policy, and Macroprudential Policy
  • Empirical Methodology
    • Panel Vector Autoregression Model
    • Empirical Model
  • Conclusions
    • Baseline Model
    • Extended Results
    • Credit and Business Cycles

Additional Details

Author
Type
Series
Subjects
  • Economics
  • Finance sector development
  • Governance and public sector management
  • Public financial management
  • Public administration, economic affairs, and policy
Countries
  • China, People's Republic of
  • Hong Kong, China
  • India
  • Indonesia
  • Japan
  • Korea, Republic of
  • Malaysia
  • Philippines
  • Singapore
  • Taipei,China
  • Thailand
Pages
  • 32
Dimensions
  • 8.5 x 11
SKU
  • WPS190114-2
ISSN
  • 2313-6537 (print)
  • 2313-6545 (electronic)

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