The Macroprudential Policy Framework Needs to Be Global

Macroprudential

In this policy brief, authors Claude Lopez and Franco Bruni clarify the goals of macroprudential policy and highlight the challenges home and host countries may run into when global financial institutions lend beyond their home countries.

Lopez and Bruni offer four priorities to address these vulnerabilities: An adaptable and flexible global framework; the generalization of international standards and best practices; a stronger global data depository; and regulatory and monitoring cooperation. 

Updated/Published November 12, 2020