Macroprudential Policy in Asian Economies
Abstract
Description
This paper examines the effectiveness of capital account policies for 11 emerging Asian economies from 2000 to 2015.
It analyzes macroprudential policy in 11 Asian economies since 2000 and examines its effect on financial stability and key macroeconomic variables. The findings suggest that policy authorities may experience policy conflicts in achieving financial and macroeconomic stability objectives. Since the global financial crisis, special attention has been paid to macroprudential policy to attain macroeconomic stability by securing financial stability.