Macroprudential Goals, Implementation and Crossborder Communication

4 Pages Posted: 24 Jan 2018

Date Written: December 2017

Abstract

The People’s Bank of China (PBOC) plays a critical role in the country’s macroprudential regulation. In recent years, the PBOC has put in place a series of macroprudential tools and developed its macroprudential assessment (MPA) system. During implementation, the ex ante and ex post appraisal of macroprudential tools are essential and such tools, targeting both the overall financial system and specific markets, play critical roles in the macroprudential framework. Although challenging, effective communication helps policy implementation. In the context of globalisation, national macroprudential policy implementation can create spillovers, which implies the need for international coordination.

Full Publication: Macroprudential Frameworks, Implementation and Relationship with Other Policies

Keywords: macroprudential policy, the People’s Bank of China, policy communication, cross-border effects

JEL Classification: E61

Suggested Citation

(PBC), The People's Bank of China, Macroprudential Goals, Implementation and Crossborder Communication (December 2017). BIS Paper No. 94h, Available at SSRN: https://ssrn.com/abstract=3103121

The People's Bank of China (PBC) (Contact Author)

The People's Bank of China (PBC) ( email )

No.32 Chengfang Street
Xi Cheng, Beijing 100800
China

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