TY - UNPB
T1 - Macroprudential Policy Frameworks in Developing Asian Economies
AU - Lee, Minsoo
AU - Gaspar, Raymond
AU - Villaruel, Mai Lin
PY - 2017/3/1
Y1 - 2017/3/1
N2 - 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.
AB - 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.
UR - https://creativecommons.org/licenses/by/3.0/igo/
U2 - 10.22617/wps178676-2
DO - 10.22617/wps178676-2
M3 - Working paper
SP - 1
EP - 45
BT - Macroprudential Policy Frameworks in Developing Asian Economies
PB - Asian Development Bank
CY - Philippines
ER -