Publication:
Asset Prices, Macro Prudential Regulation, and Monetary Policy

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dc.contributor.authorCavallari, Matheus
dc.contributor.authorCanuto, Otaviano
dc.date.accessioned2013-10-10T20:52:45Z
dc.date.available2013-10-10T20:52:45Z
dc.date.issued2013-05
dc.description.abstractConfidence in combining inflation-targeting-cum-flexible-exchange-rate regimes with isolated micro prudential regulation as a means to guarantee both macroeconomic and financial stability has been shattered by the scale and synchronization of the asset price booms and busts that preceded the global financial crisis. It has now become clear that if monetary policy makers and prudential regulators are to succeed in achieving stability, there can be no complacency regarding asset price cycles. This note explores some of the ways in which monetary policy can address asset price booms and busts through its integration with macro prudential regulation.en
dc.identifierhttp://documents.worldbank.org/curated/en/2013/05/17688951/asset-prices-macro-prudential-regulation-monetary-policy
dc.identifier.doi10.1596/16116
dc.identifier.urihttps://hdl.handle.net/10986/16116
dc.languageEnglish
dc.language.isoen_US
dc.publisherWorld Bank, Washington, DC
dc.relation.ispartofseriesEconomic Premise;No. 116
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo/
dc.subjectACCOUNTABILITY
dc.subjectACCOUNTING
dc.subjectACCUMULATION OF RESERVES
dc.subjectAGGREGATE DEMAND
dc.subjectARBITRAGE
dc.subjectASSET PRICE
dc.subjectASSET PRICE BOOMS
dc.subjectASSET PRICES
dc.subjectASSETS
dc.subjectASYMMETRIC INFORMATION
dc.subjectBALANCE SHEET
dc.subjectBALANCE SHEETS
dc.subjectBANK FOR INTERNATIONAL SETTLEMENTS
dc.subjectBANKING CRISES
dc.subjectBANKING CRISIS
dc.subjectBANKING SUPERVISION
dc.subjectBANKING SYSTEM
dc.subjectBANKING SYSTEMS
dc.subjectBONDS
dc.subjectBORROWER
dc.subjectBUFFER
dc.subjectBUFFERS
dc.subjectBUSINESS CYCLES
dc.subjectCAPITAL ACCOUNT
dc.subjectCAPITAL ADEQUACY
dc.subjectCAPITAL CONTROLS
dc.subjectCAPITAL FLOW
dc.subjectCAPITAL FLOWS
dc.subjectCAPITAL INFLOW
dc.subjectCAPITAL INFLOWS
dc.subjectCAPITAL RATIOS
dc.subjectCAPITAL STANDARDS
dc.subjectCAPITALIZATION
dc.subjectCASH TRANSFERS
dc.subjectCENTRAL BANK
dc.subjectCENTRAL BANKING
dc.subjectCENTRAL BANKS
dc.subjectCOLLATERAL
dc.subjectCONSOLIDATION
dc.subjectCORNER SOLUTION
dc.subjectCORNER SOLUTIONS
dc.subjectCREDIT EXPANSION
dc.subjectCREDIT GROWTH
dc.subjectCREDIT LINE
dc.subjectCREDIT SPREADS
dc.subjectCROSS-BORDER CAPITAL
dc.subjectCURRENCY
dc.subjectCURRENCY MISMATCHES
dc.subjectCURRENT ACCOUNT
dc.subjectCURRENT ACCOUNT BALANCES
dc.subjectCURRENT ACCOUNT SURPLUS
dc.subjectDEBT
dc.subjectDEPOSITORS
dc.subjectDEVELOPING COUNTRIES
dc.subjectDEVELOPMENT ECONOMICS
dc.subjectDISCRETIONARY MONETARY POLICY
dc.subjectDISEQUILIBRIUM
dc.subjectDISINTERMEDIATION
dc.subjectDISTORTIONS
dc.subjectDOMESTIC CREDIT
dc.subjectDOMESTIC CREDIT GROWTH
dc.subjectECONOMIC ENVIRONMENT
dc.subjectECONOMIC OUTLOOK
dc.subjectECONOMIC RESEARCH
dc.subjectELASTICITY
dc.subjectEMERGING ECONOMIES
dc.subjectEMERGING MARKETS
dc.subjectEQUILIBRIUM
dc.subjectEQUILIBRIUM VALUE
dc.subjectEQUITIES
dc.subjectEXCHANGE RATE
dc.subjectEXCHANGE RATE APPRECIATION
dc.subjectEXCHANGE RATE FLEXIBILITY
dc.subjectEXCHANGE RATE FLUCTUATIONS
dc.subjectEXCHANGE RATE INTERVENTIONS
dc.subjectEXCHANGE RATE MANAGEMENT
dc.subjectEXCHANGE RATE REGIME
dc.subjectEXCHANGE RATE REGIMES
dc.subjectEXCHANGE RATES
dc.subjectEXCHANGE-RATE
dc.subjectEXOGENOUS SHOCKS
dc.subjectEXPOSURE
dc.subjectEXTERNALITIES
dc.subjectFINANCIAL CRISES
dc.subjectFINANCIAL CRISIS
dc.subjectFINANCIAL DEVELOPMENTS
dc.subjectFINANCIAL INSTABILITY
dc.subjectFINANCIAL INSTITUTIONS
dc.subjectFINANCIAL INTERMEDIATION
dc.subjectFINANCIAL MARKET
dc.subjectFINANCIAL MARKETS
dc.subjectFINANCIAL REGULATION
dc.subjectFINANCIAL SECTOR
dc.subjectFINANCIAL SERVICES
dc.subjectFINANCIAL STABILITY
dc.subjectFINANCIAL SYSTEMS
dc.subjectFINANCIAL VULNERABILITIES
dc.subjectFISCAL IMBALANCE
dc.subjectFISCAL POLICY
dc.subjectFLEXIBLE EXCHANGE RATES
dc.subjectFOREIGN CAPITAL
dc.subjectFOREIGN CURRENCY
dc.subjectFUNGIBLE
dc.subjectGDP
dc.subjectGLOBAL BANKING
dc.subjectGLOBAL FINANCIAL SYSTEM
dc.subjectGLOBALIZATION
dc.subjectGROSS DOMESTIC PRODUCT
dc.subjectHOUSING
dc.subjectHUMAN CAPITAL
dc.subjectIMBALANCES
dc.subjectINCENTIVE STRUCTURE
dc.subjectINDIVIDUAL FIRMS
dc.subjectINFLATION
dc.subjectINFLATION TARGETING
dc.subjectINFLOWS OF CAPITAL
dc.subjectINSTRUMENT
dc.subjectINTEREST RATE
dc.subjectINTEREST RATE HIKES
dc.subjectINTERNATIONAL ECONOMIC POLICY
dc.subjectINTERNATIONAL FINANCIAL INSTITUTIONS
dc.subjectINTERNATIONAL SETTLEMENTS
dc.subjectLEADING INDICATORS
dc.subjectLEVERAGE
dc.subjectLIQUIDITY
dc.subjectLIQUIDITY REQUIREMENTS
dc.subjectLIQUIDITY RISKS
dc.subjectLOAN
dc.subjectLONG-TERM EQUILIBRIUM
dc.subjectMACROECONOMIC EFFECTS
dc.subjectMACROECONOMIC FLUCTUATIONS
dc.subjectMACROECONOMIC MODEL
dc.subjectMACROECONOMIC POLICIES
dc.subjectMACROECONOMIC POLICY
dc.subjectMACROECONOMIC STABILITY
dc.subjectMARKET EUPHORIA
dc.subjectMARKET FAILURES
dc.subjectMARKET TRENDS
dc.subjectMATURITY
dc.subjectMINIMUM CAPITAL REQUIREMENT
dc.subjectMINIMUM CAPITAL REQUIREMENTS
dc.subjectMONETARY AUTONOMY
dc.subjectMONETARY FUND
dc.subjectMONETARY POLICIES
dc.subjectMONETARY POLICY
dc.subjectMONETARY POLICY DECISIONS
dc.subjectMONETARY TRANSMISSION
dc.subjectMONETARY TRANSMISSION MECHANISMS
dc.subjectNATIONAL ECONOMIES
dc.subjectNATURAL RESOURCES
dc.subjectNEGATIVE EXTERNALITIES
dc.subjectNET CAPITAL
dc.subjectOPTIMIZATION
dc.subjectOUTPUT
dc.subjectOUTPUT GAP
dc.subjectOUTPUT GAPS
dc.subjectPERMANENT SHOCKS
dc.subjectPOLICY RESPONSES
dc.subjectPORTFOLIO
dc.subjectPORTFOLIOS
dc.subjectPOVERTY REDUCTION
dc.subjectPRICE FLUCTUATIONS
dc.subjectPRICE VOLATILITY
dc.subjectPROBABILITY OF DEFAULT
dc.subjectPRODUCTIVITY
dc.subjectPROVISIONING RULES
dc.subjectPRUDENTIAL REGULATION
dc.subjectREAL ESTATE
dc.subjectREAL EXCHANGE RATES
dc.subjectREGULATORS
dc.subjectREGULATORY FRAMEWORK
dc.subjectREGULATORY REFORMS
dc.subjectREGULATORY STANDARDS
dc.subjectRESERVE
dc.subjectRESERVE REQUIREMENTS
dc.subjectRISK MANAGEMENT
dc.subjectRISK MEASUREMENT
dc.subjectRISK TAKING
dc.subjectSHORT-TERM INTEREST RATE
dc.subjectSHORT-TERM INTEREST RATES
dc.subjectSIDE EFFECTS
dc.subjectSOCIAL COSTS
dc.subjectSTABLE INFLATION
dc.subjectSTRUCTURAL SHOCKS
dc.subjectSURCHARGES
dc.subjectSYSTEMIC RISK
dc.subjectTEMPORARY CAPITAL INFLOWS
dc.subjectTERMS OF CAPITAL
dc.subjectTRANSACTION
dc.subjectTRANSACTION COSTS
dc.subjectTRANSMISSION MECHANISMS
dc.subjectUNCERTAINTY
dc.subjectYIELD CURVE
dc.titleAsset Prices, Macro Prudential Regulation, and Monetary Policyen
dspace.entity.typePublication
okr.date.disclosure2013-05-09
okr.date.doiregistration2025-04-29T09:24:27.007715Z
okr.doctypePublications & Research::Brief
okr.doctypePublications & Research
okr.docurlhttp://documents.worldbank.org/curated/en/2013/05/17688951/asset-prices-macro-prudential-regulation-monetary-policy
okr.globalpracticeMacroeconomics and Fiscal Management
okr.globalpracticeFinance and Markets
okr.globalpracticeTrade and Competitiveness
okr.guid444061468162270963
okr.identifier.externaldocumentum000442464_20130509114904
okr.identifier.internaldocumentum17688951
okr.identifier.report77453
okr.language.supporteden
okr.pdfurlhttp://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2013/05/09/000442464_20130509114904/Rendered/PDF/774530BRI0EP1160Box377297B00PUBLIC0.pdfen
okr.topicFinance and Financial Sector Development::Debt Markets
okr.topicBanks and Banking Reform
okr.topicPrivate Sector Development::Emerging Markets
okr.topicFinance and Financial Sector Development::Currencies and Exchange Rates
okr.topicEconomic Theory and Research
okr.topicMacroeconomics and Economic Growth
okr.unitOffice of VP & Head of Network (PRMVP)
okr.volume1 of 1
relation.isAuthorOfPublication9f42d4a7-f5f2-50a9-bba7-b0fa16636471
relation.isAuthorOfPublication.latestForDiscovery9f42d4a7-f5f2-50a9-bba7-b0fa16636471
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