EMs evaluate macro-prudential tools in BIS publication
Central bankers find macro-prudential policies have helped mitigate spillovers
Macro-prudential measures have proven to be effective in combating a variety of spillovers created by extraordinarily loose monetary policy in advanced economies, according to a host of research papers produced for the Bank for International Settlements (BIS) by central bankers from emerging markets across Asia and Europe.
In a paper attributed to the Hong Kong Monetary Authority (HKMA), the central bank said credit growth and household indebtedness had accelerated in the territory as a result
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