Asset Prices, Macro Prudential Regulation, and Monetary Policy

Confidence in combining inflation-targeting-cum-flexible-exchange-rate regimes with isolated micro prudential regulation as a means to guarantee both macroeconomic and financial stability has been shattered by the scale and synchronization of the a...

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Bibliographic Details
Main Authors:	Canuto, Otaviano, Cavallari, Matheus
Format:	Brief
Language:	English en_US
Published:	World Bank, Washington, DC 2013
Subjects:	ACCOUNTABILITY ACCOUNTING ACCUMULATION OF RESERVES AGGREGATE DEMAND ARBITRAGE ASSET PRICE ASSET PRICE BOOMS ASSET PRICES ASSETS ASYMMETRIC INFORMATION BALANCE SHEET BALANCE SHEETS BANK FOR INTERNATIONAL SETTLEMENTS BANKING CRISES BANKING CRISIS BANKING SUPERVISION BANKING SYSTEM BANKING SYSTEMS BONDS BORROWER BUFFER BUFFERS BUSINESS CYCLES CAPITAL ACCOUNT CAPITAL ADEQUACY CAPITAL CONTROLS CAPITAL FLOW CAPITAL FLOWS CAPITAL INFLOW CAPITAL INFLOWS CAPITAL RATIOS CAPITAL STANDARDS CAPITALIZATION CASH TRANSFERS CENTRAL BANK CENTRAL BANKING CENTRAL BANKS COLLATERAL CONSOLIDATION CORNER SOLUTION CORNER SOLUTIONS CREDIT EXPANSION CREDIT GROWTH CREDIT LINE CREDIT SPREADS CROSS-BORDER CAPITAL CURRENCY CURRENCY MISMATCHES CURRENT ACCOUNT CURRENT ACCOUNT BALANCES CURRENT ACCOUNT SURPLUS DEBT DEPOSITORS DEVELOPING COUNTRIES DEVELOPMENT ECONOMICS DISCRETIONARY MONETARY POLICY DISEQUILIBRIUM DISINTERMEDIATION DISTORTIONS DOMESTIC CREDIT DOMESTIC CREDIT GROWTH ECONOMIC ENVIRONMENT ECONOMIC OUTLOOK ECONOMIC RESEARCH ELASTICITY EMERGING ECONOMIES EMERGING MARKETS EQUILIBRIUM EQUILIBRIUM VALUE EQUITIES EXCHANGE RATE EXCHANGE RATE APPRECIATION EXCHANGE RATE FLEXIBILITY EXCHANGE RATE FLUCTUATIONS EXCHANGE RATE INTERVENTIONS EXCHANGE RATE MANAGEMENT EXCHANGE RATE REGIME EXCHANGE RATE REGIMES EXCHANGE RATES EXCHANGE-RATE EXOGENOUS SHOCKS EXPOSURE EXTERNALITIES FINANCIAL CRISES FINANCIAL CRISIS FINANCIAL DEVELOPMENTS FINANCIAL INSTABILITY FINANCIAL INSTITUTIONS FINANCIAL INTERMEDIATION FINANCIAL MARKET FINANCIAL MARKETS FINANCIAL REGULATION FINANCIAL SECTOR FINANCIAL SERVICES FINANCIAL STABILITY FINANCIAL SYSTEMS FINANCIAL VULNERABILITIES FISCAL IMBALANCE FISCAL POLICY FLEXIBLE EXCHANGE RATES FOREIGN CAPITAL FOREIGN CURRENCY FUNGIBLE GDP GLOBAL BANKING GLOBAL FINANCIAL SYSTEM GLOBALIZATION GROSS DOMESTIC PRODUCT HOUSING HUMAN CAPITAL IMBALANCES INCENTIVE STRUCTURE INDIVIDUAL FIRMS INFLATION INFLATION TARGETING INFLOWS OF CAPITAL INSTRUMENT INTEREST RATE INTEREST RATE HIKES INTERNATIONAL ECONOMIC POLICY INTERNATIONAL FINANCIAL INSTITUTIONS INTERNATIONAL SETTLEMENTS LEADING INDICATORS LEVERAGE LIQUIDITY LIQUIDITY REQUIREMENTS LIQUIDITY RISKS LOAN LONG-TERM EQUILIBRIUM MACROECONOMIC EFFECTS MACROECONOMIC FLUCTUATIONS MACROECONOMIC MODEL MACROECONOMIC POLICIES MACROECONOMIC POLICY MACROECONOMIC STABILITY MARKET EUPHORIA MARKET FAILURES MARKET TRENDS MATURITY MINIMUM CAPITAL REQUIREMENT MINIMUM CAPITAL REQUIREMENTS MONETARY AUTONOMY MONETARY FUND MONETARY POLICIES MONETARY POLICY MONETARY POLICY DECISIONS MONETARY TRANSMISSION MONETARY TRANSMISSION MECHANISMS NATIONAL ECONOMIES NATURAL RESOURCES NEGATIVE EXTERNALITIES NET CAPITAL OPTIMIZATION OUTPUT OUTPUT GAP OUTPUT GAPS PERMANENT SHOCKS POLICY RESPONSES PORTFOLIO PORTFOLIOS POVERTY REDUCTION PRICE FLUCTUATIONS PRICE VOLATILITY PROBABILITY OF DEFAULT PRODUCTIVITY PROVISIONING RULES PRUDENTIAL REGULATION REAL ESTATE REAL EXCHANGE RATES REGULATORS REGULATORY FRAMEWORK REGULATORY REFORMS REGULATORY STANDARDS RESERVE RESERVE REQUIREMENTS RISK MANAGEMENT RISK MEASUREMENT RISK TAKING SHORT-TERM INTEREST RATE SHORT-TERM INTEREST RATES SIDE EFFECTS SOCIAL COSTS STABLE INFLATION STRUCTURAL SHOCKS SURCHARGES SYSTEMIC RISK TEMPORARY CAPITAL INFLOWS TERMS OF CAPITAL TRANSACTION TRANSACTION COSTS TRANSMISSION MECHANISMS UNCERTAINTY YIELD CURVE
Online Access:	http://hdl.handle.net/10986/16116

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http://hdl.handle.net/10986/16116

Asset Prices, Macro Prudential Regulation, and Monetary Policy

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