Financial cycles, monetary policy and macroprudential policy in the euro area

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dc.contributor.author Freystätter, Hanna
dc.contributor.author Putkuri, Hanna
dc.contributor.author Vauhkonen, Jukka
dc.date.accessioned 2014-09-23T07:26:51Z
dc.date.available 2014-09-23T07:26:51Z
dc.date.issued 2013
dc.identifier.uri https://helda.helsinki.fi/bof/handle/123456789/10354
dc.description ISSN-L: 0784-6509 (painettu) ISSN: 1456-5870 (online).
dc.description.abstract Countercyclical macroprudential policy is to be strengthened in the euro area. The European Central Bank will be assuming new macroprudential powers, as single banking supervision commences in autumn 2014 and the countercyclical buffer requirement is due to be introduced in all euro area countries no later than the beginning of 2016. Even so, a significant part of euro area macroprudential policy will continue in the future to be the responsibility of national authorities. In the operating environment of the single monetary policy, euro area Member States will be able to support their own and the area s economic stability and to improve the financial system s resilience to crises through pursuing robust national macroprudential policies.
dc.format.extent 35-47
dc.language.iso eng
dc.rights https://helda.helsinki.fi/bof/copyright
dc.subject rahapolitiikka
dc.subject makrotalous
dc.subject vakaus
dc.subject euroalue
dc.subject rahoitusmarkkinat
dc.subject pääomavaatimus
dc.subject rahoituslaitokset
dc.subject pankkitoiminta
dc.subject EKP
dc.subject kriisit
dc.subject SP
dc.subject RP
dc.subject makrovakauspolitiikka
dc.subject syklit
dc.title Financial cycles, monetary policy and macroprudential policy in the euro area
dc.type Artikkeli
dc.identifier.urn URN:NBN:fi:bof-201408073337
dc.series.name Bank of Finland. Bulletin. Monetary policy and the global economy
dc.series.volume 87
dc.series.number 4

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