2013: Journal no. 2

MACROPRUDENTIAL POLICY: CONCEPTUAL POSITIONS

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Authors:  
Radu CUHAL, PhD, Associate Professor, BNM
Ludmila STARIŢÎNA, PhD, Associate Professor, BNM
Nicolae BASISTÎI, PhD student, IEFS

The article explains the conceptual principles of macroprudential policy, its main objectives and instruments. The classification of macroprudential policy tools of the Committee on the Global Financial System is defined. The comparative characteristics of macro-prudential policy in the Western developed countries are also examined.

Keywords:  
macroprudential policy, macroprudential instruments, financial stability, systemic risk, financial market, banks liquidity.
 

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