Publication:
Macroprudential Policy Framework : A Practice Guide

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dc.contributor.authorKrishnamurti, Damodaran
dc.contributor.authorLee, Yejin Carol
dc.date.accessioned2014-05-05T16:16:29Z
dc.date.available2014-05-05T16:16:29Z
dc.date.issued2014-04-29
dc.description.abstractThis practice guide is primarily intended as a reference and guidance for emerging market economies in their migration to a formal macroprudential policy framework. It relies largely on the existing wisdom, knowledge, and experience and was written with the intention of assisting policy makers (and the World Bank staff working with these authorities) in the implementation of macroprudential policy frameworks in jurisdictions with the following characteristics representative of a typical emerging market and developing economy: 1) a simple and bank-dominated financial system where other financial sector segments are much smaller, but growing; 2) banking supervision function is within the central bank; 3) financial sector regulation/supervision is not integrated; 4) uncertain availability of quality data. A macroprudential policy framework is not a silver bullet for safeguarding financial stability. It is also useful to highlight that a macroprudential policy framework cannot take the place of other public policy frameworks. While pursuing macroprudential policy to build a more resilient financial system, authorities should also take into consideration the significant financial development needs that may exist in their respective jurisdictions. This Practice Guide has been structured in a logical sequence that mirrors implementation. The second and third sections are laid out to clarify and provide some context to the concept of a macroprudential approach to supervision and discuss the institutional framework. The fourth and fifth sections deal with the operational aspects of macroprudential policy framework that are timely detection of systemic risks using early warning systems and addressing the buildup of systemic risks with macroprudential policy instruments.en
dc.identifierhttp://documents.worldbank.org/curated/en/2014/04/19456627/macroprudential-policy-framework-practice-guide
dc.identifier.doi10.1596/978-1-4648-0085-6
dc.identifier.isbn978-1-4648-0085-6
dc.identifier.other10.1596/978-1-4648-0085-6
dc.identifier.urihttps://hdl.handle.net/10986/18152
dc.languageEnglish
dc.language.isoen_US
dc.publisherWashington, DC: World Bank
dc.relation.ispartofseriesWorld Bank Study;
dc.rightsCC BY 3.0 IGO
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo/
dc.subjectACCESS TO INFORMATION
dc.subjectACCOUNTABILITY
dc.subjectACCOUNTING
dc.subjectARBITRAGE
dc.subjectASSET CLASSES
dc.subjectASSET PRICE
dc.subjectASSET PRICES
dc.subjectASSET QUALITY
dc.subjectASSETS RATIO
dc.subjectAUDITING
dc.subjectAUTONOMY
dc.subjectBALANCE SHEET
dc.subjectBANK BALANCE SHEETS
dc.subjectBANK EXPOSURE
dc.subjectBANK FOR INTERNATIONAL SETTLEMENTS
dc.subjectBANK GOVERNORS
dc.subjectBANK SUPERVISION
dc.subjectBANKING CRISES
dc.subjectBANKING SECTOR
dc.subjectBANKING SUPERVISION
dc.subjectBANKING SYSTEM
dc.subjectBONDS
dc.subjectBORROWING COSTS
dc.subjectCAPITAL ADEQUACY
dc.subjectCAPITAL FLOWS
dc.subjectCAPITAL MARKET
dc.subjectCAPITAL MARKETS
dc.subjectCAPITAL REQUIREMENTS
dc.subjectCDS
dc.subjectCENTRAL BANK
dc.subjectCENTRAL BANKS
dc.subjectCHECKS
dc.subjectCLEARING HOUSES
dc.subjectCLEARINGHOUSE
dc.subjectCOLLATERAL
dc.subjectCOLLECTIVE ACTION
dc.subjectCOMMERCIAL PAPERS
dc.subjectCOOPERATIVE BANKS
dc.subjectCREDIBILITY
dc.subjectCREDIT DEFAULT
dc.subjectCREDIT DEFAULT SWAP
dc.subjectCREDIT DEFAULT SWAPS
dc.subjectCREDIT DERIVATIVES
dc.subjectCREDIT EXPANSION
dc.subjectCREDIT GROWTH
dc.subjectCREDIT INFORMATION
dc.subjectCREDIT INFORMATION BUREAU
dc.subjectCREDIT RATINGS
dc.subjectCREDIT SPREADS
dc.subjectCREDIT UNIONS
dc.subjectCURRENCY
dc.subjectCURRENCY MISMATCHES
dc.subjectCURRENCY RISK
dc.subjectCURRENT ACCOUNT DEFICIT
dc.subjectDEBT
dc.subjectDEBT SERVICE
dc.subjectDEFAULT RISK
dc.subjectDEFAULTS
dc.subjectDEPOSIT
dc.subjectDEPOSIT INSURANCE
dc.subjectDEPOSITS
dc.subjectDERIVATIVES MARKET
dc.subjectDEVELOPING ECONOMIES
dc.subjectDEVELOPING ECONOMY
dc.subjectDEVELOPMENT FINANCE
dc.subjectECONOMIC DEVELOPMENT
dc.subjectEMERGING ECONOMIES
dc.subjectEMERGING MARKET
dc.subjectEMERGING MARKET ECONOMIES
dc.subjectEMERGING MARKET ECONOMY
dc.subjectEXCESS LIQUIDITY
dc.subjectEXCHANGE RATE
dc.subjectEXTERNAL DEBT
dc.subjectFINANCIAL CRISIS
dc.subjectFINANCIAL DATA
dc.subjectFINANCIAL DEVELOPMENT
dc.subjectFINANCIAL DISTRESS
dc.subjectFINANCIAL FLOWS
dc.subjectFINANCIAL HEALTH
dc.subjectFINANCIAL INSTABILITY
dc.subjectFINANCIAL INSTITUTION
dc.subjectFINANCIAL INSTITUTIONS
dc.subjectFINANCIAL MARKET
dc.subjectFINANCIAL MARKETS
dc.subjectFINANCIAL REGULATION
dc.subjectFINANCIAL SAVINGS
dc.subjectFINANCIAL SECTOR
dc.subjectFINANCIAL SECTOR DEVELOPMENT
dc.subjectFINANCIAL SERVICES
dc.subjectFINANCIAL STABILITY
dc.subjectFINANCIAL STRESS
dc.subjectFINANCIAL SYSTEM
dc.subjectFINANCIAL SYSTEM STABILITY
dc.subjectFINANCIAL SYSTEMS
dc.subjectFISCAL DEFICIT
dc.subjectFOREIGN CURRENCY
dc.subjectFOREIGN CURRENCY EXPOSURES
dc.subjectFOREIGN DIRECT INVESTMENTS
dc.subjectFOREIGN EXCHANGE
dc.subjectFOREIGN EXCHANGE MARKETS
dc.subjectGLOBAL FINANCIAL SYSTEM
dc.subjectGOVERNMENT FINANCE
dc.subjectGROSS DOMESTIC PRODUCT
dc.subjectHEDGE FUNDS
dc.subjectHOLDING
dc.subjectIMPLICIT SUBSIDIES
dc.subjectINCOME
dc.subjectINDEBTEDNESS
dc.subjectINDIVIDUAL FIRM
dc.subjectINFLATION
dc.subjectINFORMATION SYSTEMS
dc.subjectINSTRUMENT
dc.subjectINTERBANK MARKETS
dc.subjectINTERNATIONAL BANK
dc.subjectINTERNATIONAL BANKING
dc.subjectINTERNATIONAL FINANCIAL CRISES
dc.subjectINTERNATIONAL SETTLEMENTS
dc.subjectISSUANCE
dc.subjectJURISDICTIONS
dc.subjectLAWS
dc.subjectLEGAL FRAMEWORK
dc.subjectLEGAL FRAMEWORKS
dc.subjectLEGISLATION
dc.subjectLENDER
dc.subjectLENDER OF LAST RESORT
dc.subjectLEVEL OF CONFIDENCE
dc.subjectLEVY
dc.subjectLIQUID ASSETS
dc.subjectLIQUIDITY
dc.subjectLIQUIDITY RISK
dc.subjectLOAN
dc.subjectLONG-TERM INVESTMENTS
dc.subjectMANDATES
dc.subjectMARGIN REQUIREMENTS
dc.subjectMARK-TO-MARKET
dc.subjectMARKET BORROWING
dc.subjectMARKET DISCIPLINE
dc.subjectMARKET INFORMATION
dc.subjectMARKET INFRASTRUCTURE
dc.subjectMARKET INFRASTRUCTURES
dc.subjectMARKET PARTICIPANTS
dc.subjectMARKET PLAYERS
dc.subjectMARKET PRICES
dc.subjectMARKET RISK
dc.subjectMATURITY
dc.subjectMATURITY MISMATCH
dc.subjectMATURITY MISMATCHES
dc.subjectMATURITY TRANSFORMATION
dc.subjectMATURITY TRANSFORMATIONS
dc.subjectMICRO-FINANCE
dc.subjectMICRO-FINANCE INSTITUTIONS
dc.subjectMIGRATION
dc.subjectMONETARY FUND
dc.subjectMONETARY POLICY
dc.subjectMONETARY STABILITY
dc.subjectMORAL HAZARD
dc.subjectMORTGAGE
dc.subjectMORTGAGE LOAN
dc.subjectMORTGAGE MARKET
dc.subjectMORTGAGES
dc.subjectMUTUAL FUNDS
dc.subjectNET INTEREST MARGIN
dc.subjectNONBANK FINANCIAL INSTITUTIONS
dc.subjectNONBANKS
dc.subjectNONPERFORMING LOAN
dc.subjectNONPERFORMING LOANS
dc.subjectNPL
dc.subjectOFF BALANCE SHEET
dc.subjectOFF BALANCE SHEET ITEMS
dc.subjectOUTPUT
dc.subjectPAYMENT SERVICES
dc.subjectPEER REVIEW
dc.subjectPENSION
dc.subjectPENSION FUNDS
dc.subjectPENSIONS
dc.subjectPOLICY RESPONSE
dc.subjectPOLICY RESPONSES
dc.subjectPOLITICAL ECONOMY
dc.subjectPORTFOLIO
dc.subjectPRICE VOLATILITY
dc.subjectPROBABILITY OF DEFAULT
dc.subjectPROFITABILITY
dc.subjectPRUDENTIAL REGULATIONS
dc.subjectPRUDENTIAL REQUIREMENTS
dc.subjectPRUDENTIAL STANDARDS
dc.subjectPUBLIC FUNDS
dc.subjectPUBLIC POLICIES
dc.subjectPUBLIC POLICY
dc.subjectRATE OF RETURN
dc.subjectREAL SECTOR
dc.subjectREGULATORY FRAMEWORK
dc.subjectREGULATORY FRAMEWORKS
dc.subjectREGULATORY STRUCTURES
dc.subjectREPAYMENT
dc.subjectRESERVE
dc.subjectRESERVE REQUIREMENTS
dc.subjectRESERVES
dc.subjectRETURN ON ASSETS
dc.subjectRETURN ON EQUITY
dc.subjectRISK CAPITAL
dc.subjectRISK MANAGEMENT
dc.subjectSAFETY NET
dc.subjectSECURITIES
dc.subjectSETTLEMENT
dc.subjectSETTLEMENT SYSTEMS
dc.subjectSHORT-TERM EXTERNAL DEBT
dc.subjectSOLVENCY
dc.subjectSOVEREIGN DEBT
dc.subjectSTANDARD ASSET
dc.subjectSTOCK MARKET
dc.subjectSUPERVISORY AGENCIES
dc.subjectSUPERVISORY AUTHORITIES
dc.subjectSUPERVISORY AUTHORITY
dc.subjectSURCHARGES
dc.subjectSYSTEMIC RISK
dc.subjectTIER 1 CAPITAL
dc.subjectTRANSPARENCY
dc.subjectTREASURY
dc.subjectTURNOVER
dc.subjectVALUATION
dc.subjectVARIABLE RATE
dc.titleMacroprudential Policy Framework : A Practice Guideen
dspace.entity.typePublication
okr.date.disclosure2014-05-02
okr.doctypePublications & Research::Publication
okr.doctypePublications & Research::Publication
okr.docurlhttp://documents.worldbank.org/curated/en/2014/04/19456627/macroprudential-policy-framework-practice-guide
okr.globalpracticeFinance and Markets
okr.globalpracticeTrade and Competitiveness
okr.guid664661468331743319
okr.identifier.doi10.1596/978-1-4648-0085-6
okr.identifier.externaldocumentum000456286_20140502090719
okr.identifier.internaldocumentum19456627
okr.identifier.report87810
okr.language.supporteden
okr.pdfurlhttp://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2014/05/02/000456286_20140502090719/Rendered/PDF/878100PUB0EPI200Box382150B00PUBLIC0.pdfen
okr.peerreviewAcademic Peer Review
okr.topicBanks and Banking Reform
okr.topicFinance and Financial Sector Development::Currencies and Exchange Rates
okr.topicPrivate Sector Development::Emerging Markets
okr.topicFinance and Financial Sector Development::Bankruptcy and Resolution of Financial Distress
okr.topicFinance and Financial Sector Development::Debt Markets
okr.unitFinancial Arch & Banking Sys-WB (FFSAB)
okr.volume1 of 1
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