Towards a Macroprudential Framework for Financial Supervision and Regulation?

By C. Borio, Alfred Lord Tennyson. 2003

547 citations recorded by the source corpus.

Subfields: Finance

View Paper: https://www.semanticscholar.org/paper/0261f9c5cecbc4a3e3402367cc8de22a0648a9c7

Citations in the corpus

• Has Finance Made the World Riskier (2006, unknown): “Perhaps oversimplifying the well-argued ideas of Borio (2003), Borio and Lowe (2002), and Crockett (2001, 2002, 2003), in this new environment, credit expansions are less likely to be accompanied by goods price inflation.”
• Financial Stability and Economic Performance (2015, unknown): “Two main paradigms classify financial stability (see e.g. Borio, 2003): the macroprudential and microprudential ones.”
• Where the Risks Lie: A Survey on Systemic Risk (2017, unknown): “While the regulatory community has long called for such “macroprudential” tools (Crockett, 2000; Borio, 2003), it is only recently that academics started analyzing them (see, e.g., Hanson, Kashyap, and Stein, 2011).”
• Does Regulatory Governance Matter for Financial System Stability? An Empirical Analysis (2004, unknown): “Borio (2003) advocates development of a macroprudential framework for financial supervision.”
• Macroprudential Policy - A Literature Review (2012, unknown): “Borio et al (2001) argue that accounting practices, tax constraints and the methodologies used to measure risk cause provisions to increase during business cycle downturns. Fernandez de Lis et al (2000) discuss how forward-looking provisioning would limit the observed strong procyclicality of loan p”
• The Governance of a Fragile Eurozone (2011, unknown): “It is the combination of bubbles (especially in the housing markets) and credit expansion that makes bubbles potentially lethal (see Borio, 2003).”
• Changes in Prudential Policy Instruments - A New Cross-Country Database (2016, unknown): “They constitute the tools most often used to implement both microprudential and macroprudential policies.1 A full distinction between these two types of policies is blurry, and their differences are mostly based on the particular perspective used (Crockett, 2000; Borio, 2003; Claessens, 2015).”
• Implementing a Macroprudential Framework: Blending Boldness and Realism (2011, unknown): “In particular, for a recent review of the literature on macroprudential approaches to financial stability, see Galati and Moessner (2010); and for a broader review of changes in regulation and supervision and their link to the academic literature, see Borio (2011). 4 See Crockett (2000) and Borio (2”
• Financial Stability and Monetary Policy: How Closely Interlinked? (2014, unknown): “2See, for example, Borio (2003) and Borio and White (2003).”
• Assessing the risk of banking crises (2002, unknown): “3 For a further elaboration on some of the arguments presented in this section, see Borio (2002).”
• Systemic Risk-Taking: Amplification Effects, Externalities, and Regulatory Responses (2011, unknown): “The main motivation behind current banking regulations (see e.g. the discussion in Borio, 2003; Brunnermeier et al., 2009) is to limit the risk of failure of financial institutions, originally with a view towards protecting their depositors.”
• Macroprudential Policy, Countercyclical Bank Capital Buffers, and Credit Supply: Evidence from the Spanish Dynamic Provisioning Experiments (2017, unknown): “See Borio (2003), Hanson et al. (2011), Kashyap et al. (2011) and Dewatripont and Tirole (2012).”
• Optimal Time-Consistent Macroprudential Policy (2017, unknown): “The objective of this new regulation is to adopt a macroeconomic perspective of credit dynamics, with a view to defusing credit booms in their early stages as a prudential measure to prevent them from turning into crises (see, e.g., Borio 2003; Bernanke 2010).”
• Monetary and Prudential Policies at a Crossroads? New Challenges in the New Century (2006, unknown): “As regards prudential policy, the main implication is the need to strengthen the macroprudential orientation of the existing frameworks (Crockett (2000), Borio (2003)).”
• Is There a Competition-Stability Trade-Off in European Banking? (2017, unknown): “Therefore, it appeared necessary to complete this micro-prudential risk assessment, based on a partial equilibrium representation, by a macro-prudential assessment of these latter, taking into account a more general equilibrium (Borio, 2003; Aglietta and Scialom, 2010; Brunnermeier et al., 2009).”