Procyclicality and Macroprudential Policy Framework. Jan Frait Head of Financial Stability. Macroprudential Policy Framework. What is a macroprudential policy framework?.
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Head of Financial Stability
Note: these points were taken from CNB‘s 2005 presentation.
Total provision (TP) = Specific (SP) + General (GP)
Source: Saurina, J. (2009): The Spanish experience of counter-cyclical regulation. Prague, October 23, 2009.
Policy reactions to fast credit growth in the EU economies
Policy reactions to fast credit growth in various economies
Source: Borio and Shim (2007)
CNB‘s list of potential policy reactions (1)
CNB‘s list of potential policy reactions (2)
Contact:Financial Stability Department in the CNB: [email protected]: Financial Stability Reports, various issues - available at http://www.cnb.cz/en/financial_stability/Jan FraitFinancial Stability Dept.Czech National BankNa Prikope 28CZ-11503 PragueTel.: +420 224 414430E-mail: [email protected]