A Brief Introduction to the World of Macroprudential Policy

Published: 25/8/2015
Publication Surveys
Issue S - 18
Author Mirna Dumičić
Date August 2015
ISSN 1334-014X


occasional publication, surveys, macroprudential policy, financial stability, systemic risks


Notwithstanding the rapid growth in the popularity of and the increasing number of research papers on macroprudential policy, the general public still has a relatively unclear perception of this concept. The main purpose of this paper is to explain briefly the most important concepts related to macroprudential policy and describe its objectives. Emphasis is put on explaining the main stages of a macroprudential cycle, the relationship between macroprudential policy and other economic policies and the costs and benefits of macroprudential regulations.