Confidence in combining inflation-targeting-cum-flexible-exchange-rate regimes with isolated microprudential regulation as a means to guarantee both macroeconomic and financial stability has been shattered by the scale and synchronization of asset price booms and busts that preceded the current global financial crisis. This paper has a two-fold purpose. On the one hand, it explores the implications and challenges of acknowledging the need for coordination...
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DETALHES
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2013/01/01
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Documento de trabalho sobre pesquisa de políticas
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WPS6310
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1
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1
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2013/01/01
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Disclosed
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Monetary policy and macroprudential regulation : whither emerging markets
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monetary policy
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