Macroprudential Policy in the EU: A Political Economy Perspective

@article{Bengtsson2020MacroprudentialPI,
  title={Macroprudential Policy in the EU: A Political Economy Perspective},
  author={Elias Bengtsson},
  journal={PSN: International Financial Crises (Topic)},
  year={2020}
}
  • Elias Bengtsson
  • Published 5 June 2018
  • Economics
  • PSN: International Financial Crises (Topic)
Abstract In response to the lessons of the global financial crisis, macroprudential policy is now firmly established as a financial policy area to prevent excessive risk taking in the financial sector and mitigate its effects on the real economy. However, macroprudential policy is facing several challenges relating to its political sensitivity and institutional context. These include political and interest group resistance, weaknesses in the governance framework, and limited institutional… 
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