Macroprudential policy tough to apply – Watanagase
Macroprudential policy framework is challenging for emerging markets in terms of data limitations and policy calibration, said Tarisa Watanagase, the governor of the Bank of Thailand.
Watanagase said the implementation of a macroprudential policy framework was still subject to significant work on calibration. She said the work magnified for emerging markets as these faced constraints on data and institutional capacity.
She also said that a simple leverage ratio which did not take into account
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