Research Department, Central Bank of Nigeria
Macro-prudential Regulation, Micro-prudential Regulation, Macro-prudential Instruments, Basel III, Micro-prudential policy
The paper is organized as follows: section two and three contains conceptual issues and theoretical perspectives, respectively, while section four looked at complementarity and differences between macro-prudential and micro-prudential regulation. Thereafter, section five reviewed objectives and rationale for macro-prudential regulation vis-Ã -vis its institutional framework and scope. Section six looked at instruments of macro-prudential regulation and the implication of the new Basel III, while section seven focused on institutional and governance structure as key elements of macro-prudential regulation. The paper further gave a general insight on how macro-prudential policy framework should be structured in section eight and later concluded in section nine.
Duniya, Y.B. (2012). Macro-Prudential Policies and Financial Stability: a theoretical background. Economic and Financial Review, 50(4), 184-192