Lessons for CESEE Countries
Edited by Ewald Nowotny, Doris Ritzberger-Grünwald and Peter Backé
Chapter 17: Financial cycles and macroprudential policy
This chapter deals with macroprudential policy with regard to the financial cycle. It focuses on two key drivers of the financial cycle, namely credit risk and liquidity risk, and explains how authorities could deal with them with macroprudential policies.
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