Tapering talk: The impact of expectations of reduced Federal Reserve security purchases on emerging markets

Barry Eichengreen, Poonam Gupta, 19 December 2013

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In May 2013, Federal Reserve officials first began to talk of the possibility of the US central bank tapering its securities purchases from $85 billion a month to something lower. A milestone to which many observers point is 22 May 2013, when Chairman Bernanke raised the possibility of tapering in his testimony to Congress.

Topics: Exchange rates, Monetary policy
Tags: capital controls, Capital inflows, currency war, emerging markets, exchange rates, Federal Reserve, Macroprudential policies, monetary policy, tapering

A framework for two macro policy instruments: Money and banking combined

Hans Gersbach, 12 October 2011

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URL: http://www.cepr.org/pubs/PolicyInsights/CEPR_Policy_Insight_058.asp
Topics: International finance, Macroeconomic policy, Monetary policy
Tags: banking regulation, Macroprudential policies, microprudential regulation, monetary policy

Tail risk: Higher capital is not enough

Enrico Perotti, Lev Ratnovski, Razvan Vlahu, 26 August 2011

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The financial part of the global crisis centred on banks and bank-like institutions. Naturally, the regulatory reaction has similarly focused on financial institutions. Much of this debate has rightfully focused on the need for higher bank capital.

Topics: Global crisis, International finance
Tags: financial regulation, Macroprudential policies, tail risk

Rules vs discretion in macroprudential policies

Mario Quagliariello, Massimo Libertucci, 24 February 2010

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Rules vs. discretion…

Topics: Global governance, Monetary policy
Tags: checks and balances, Macroprudential policies, monetary policy

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