Macroprudential approach to regulation: Scope and issues

Arbeitspapier

This paper provides an overview of the Reserve Bank of India's approach to macroprudential regulation and systemic risk management, and reviews lessons drawn from the Indian experience. It emphasizes the need for harmonization of monetary policy and prudential objectives, which may not be possible if banking supervision is separated from central banks. It also notes that supervisors need to have the necessary independence and flexibility to act in a timely manner on the basis of available information. Macroprudential regulation is an inexact science with limitations and needs to be used in conjunction with other policies to be effective.

Object Details

• Language: Englisch

References and Relationships

• Bibliographic citation: Series: ADBI Working Paper ; No. 286

Classification and Topics

• Classification: Wirtschaft ; Monetary Policy ; Central Banks and Their Policies ; Financial Institutions and Services: Government Policy and Regulation
• Subject: Finanzmarktkrise ; Kapitalmarktliberalisierung ; Bankenaufsicht ; Börsenaufsicht ; Indien

Contributors, Places and Time

• Event: Geistige Schöpfung
• (who): Gopinath, Shyamala
• Event: Veröffentlichung
• (who): Asian Development Bank Institute (ADBI)
• (where): Tokyo
• (when): 2011

Further information

• Handle: http://hdl.handle.net/10419/53638
• Last update: 10.03.2025, 11:41 AM CET