Matches in SemOpenAlex for { <https://semopenalex.org/work/W3209404516> ?p ?o ?g. }
Showing items 1 to 67 of
67
with 100 items per page.
- W3209404516 abstract "Challenges to macroprudential policy are mainly of a universal nature and encompass, in particular, difficulties in the pre-emptive identification of looming imbalances; interactions with the political cycle; asymmetry in the perception of costs and benefits of using macroprudential instruments; and inaction bias. However, in open central and Eastern Europe (CEE) economies that are hosts to foreign banks, some specific features should be taken into account when designing the architecture of the macroprudential institutional framework. This note – drawing on the experience of Poland in this field – analyses important characteristics of effective macroprudential policy, with particular attention paid to the institutional conditions of Poland and other small, open and integrated EU economies that are not members of the EU banking union or the euro area. The author finds that, in some circumstances, CEE countries hosting large foreign banks may need recourse to instruments that are non-standard and non-harmonised in EU law. The note concludes that entrusting macroprudential policy to a committee with the leading role of the central bank could prove to be the most effective option, as it enables the smooth coordination of financial safety net institutions and facilitates the use of some non-harmonised or unorthodox instruments. Such an institutional arrangement provides for multifaceted know-how and superior capability compared with a single institution. A collegial body employed with soft powers also accommodates the phenomenon of fiscal dominance, as the inclusion of government representatives reduces the risk of divergent actions, shares accountability and allows for some scrutiny over the use of fiscal instruments. Full Publication: Macroprudential Frameworks, Implementation and Relationship with Other Policies" @default.
- W3209404516 created "2021-11-08" @default.
- W3209404516 creator A5072787580 @default.
- W3209404516 date "2017-12-01" @default.
- W3209404516 modified "2023-09-23" @default.
- W3209404516 title "Institutional and Operational Aspects of Macroprudential Policy in Central and Eastern European EU Member States" @default.
- W3209404516 hasPublicationYear "2017" @default.
- W3209404516 type Work @default.
- W3209404516 sameAs 3209404516 @default.
- W3209404516 citedByCount "0" @default.
- W3209404516 crossrefType "posted-content" @default.
- W3209404516 hasAuthorship W3209404516A5072787580 @default.
- W3209404516 hasConcept C104317684 @default.
- W3209404516 hasConcept C105639569 @default.
- W3209404516 hasConcept C144133560 @default.
- W3209404516 hasConcept C151913843 @default.
- W3209404516 hasConcept C162324750 @default.
- W3209404516 hasConcept C17744445 @default.
- W3209404516 hasConcept C18547055 @default.
- W3209404516 hasConcept C185592680 @default.
- W3209404516 hasConcept C199539241 @default.
- W3209404516 hasConcept C2776007630 @default.
- W3209404516 hasConcept C2776050585 @default.
- W3209404516 hasConcept C2910001868 @default.
- W3209404516 hasConcept C55493867 @default.
- W3209404516 hasConcept C73283319 @default.
- W3209404516 hasConceptScore W3209404516C104317684 @default.
- W3209404516 hasConceptScore W3209404516C105639569 @default.
- W3209404516 hasConceptScore W3209404516C144133560 @default.
- W3209404516 hasConceptScore W3209404516C151913843 @default.
- W3209404516 hasConceptScore W3209404516C162324750 @default.
- W3209404516 hasConceptScore W3209404516C17744445 @default.
- W3209404516 hasConceptScore W3209404516C18547055 @default.
- W3209404516 hasConceptScore W3209404516C185592680 @default.
- W3209404516 hasConceptScore W3209404516C199539241 @default.
- W3209404516 hasConceptScore W3209404516C2776007630 @default.
- W3209404516 hasConceptScore W3209404516C2776050585 @default.
- W3209404516 hasConceptScore W3209404516C2910001868 @default.
- W3209404516 hasConceptScore W3209404516C55493867 @default.
- W3209404516 hasConceptScore W3209404516C73283319 @default.
- W3209404516 hasLocation W32094045161 @default.
- W3209404516 hasOpenAccess W3209404516 @default.
- W3209404516 hasPrimaryLocation W32094045161 @default.
- W3209404516 hasRelatedWork W1792093928 @default.
- W3209404516 hasRelatedWork W196145629 @default.
- W3209404516 hasRelatedWork W2249311333 @default.
- W3209404516 hasRelatedWork W2487282167 @default.
- W3209404516 hasRelatedWork W2734586359 @default.
- W3209404516 hasRelatedWork W2747878006 @default.
- W3209404516 hasRelatedWork W2769594072 @default.
- W3209404516 hasRelatedWork W2806808334 @default.
- W3209404516 hasRelatedWork W2814089056 @default.
- W3209404516 hasRelatedWork W2900769733 @default.
- W3209404516 hasRelatedWork W2902086721 @default.
- W3209404516 hasRelatedWork W3123206335 @default.
- W3209404516 hasRelatedWork W3123245904 @default.
- W3209404516 hasRelatedWork W3124040072 @default.
- W3209404516 hasRelatedWork W3124931821 @default.
- W3209404516 hasRelatedWork W3127523084 @default.
- W3209404516 hasRelatedWork W3140079903 @default.
- W3209404516 hasRelatedWork W3150785503 @default.
- W3209404516 hasRelatedWork W657942391 @default.
- W3209404516 hasRelatedWork W2181829533 @default.
- W3209404516 isParatext "false" @default.
- W3209404516 isRetracted "false" @default.
- W3209404516 magId "3209404516" @default.
- W3209404516 workType "article" @default.