Economic and Financial Review
Publisher
Central Bank of Nigeria
Keywords
Financial System Stability, Emerging Economies, Micro-Prudential Policy
Abstract
The objective of this paper is to review the macro-prudential framework, its tools and its nexus with financial stability. The experience of the emerging market economies in designing macro prudential framework would be highlighted. The remaining sections of the paper are divided into six. Following this introduction, section 2 contrasts macroprudential policy issues against micro-prudential issues. Section 3 discusses macroprudential framework in different jurisdictions. particularly in the emerging market economies vis-a-vis developed economies. Section 4 discusses the experience of some emerging economies in the implementation of macro-prudential policies. While section 5 reviews major benefits of macro-prudential policy analysis. Section 6 presents the challenges and prospects of macro-prudential analysis in relation to its linkage with the traditional monetary and fiscal policies. Section 7 concludes the paper.
Publication Title
CBN Economic and Financial Review
Issue
4
Volume
50
Recommended Citation
Adegbite, M. A. (2012). Financial System Stability Framework: The Emerging Economies Experience. CBN Economic and Financial Review. 50(4), 130-139.