Description

This note overviews macroprudential policy options that have been proposed to address the systemic risks experienced during the recent financial crisis. It contributes to the policy debate by providing a taxonomy of macroprudential policies in terms of the specific negative externalities in the financial system that these policies are meant to address, and discusses their interrelations and some key implementation issues.

Taxonomy

Capital markets , Financial institutions and markets

More publications in this series: Staff Discussion Notes

More publications by: Gianni De Nicoló ; Giovanni Favara ; Lev Ratnovski