Book notes: Macroprudential policy and practice, edited by Paul Mizen, Margarita Rubio and Philip Turner
Important overview of current state of thinking about macro-prudential policy, but uncertainties remain about current allocation of financial stability responsibilities
Paul Mizen, Margarita Rubio and Philip Turner (eds), Macroprudential policy and practice, Cambridge University Press, 2018, 315 pages
One legacy of the financial crisis is the new-found belief that macro-prudential policies, as well as monetary policies and the supervision of financial institutions, are necessary if central banks are to achieve both price stability and financial stability.
Many of the papers on macro-prudential policies in this book estimate the effects of various kinds of
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