Managing Elevated Risk Global Liquidity, Capital Flows, and Macroprudential policy—An Asian Perspective
Azis, Iwan J.; Shin, Hyun Song | January 2015
Abstract
This book describes these three phases of global liquidity and their impact on emerging Asia from conceptual and empirical perspectives. What stands out is the important role noncore bank liabilities played in the process. Together with the growing significance of capital markets in the second phase, it has changed the financial and monetary policy landscape sufficiently to warrant a new regulatory framework, alternative early warning indicators, and as a result a set of macroprudential policies to complement monetary policy
Citation
Azis, Iwan J.; Shin, Hyun Song. 2015. Managing Elevated Risk Global Liquidity, Capital Flows, and Macroprudential policy—An Asian Perspective. © Asian Development Bank. http://hdl.handle.net/11540/3062. License: CC BY 3.0 IGO.PDF ISBN
978-981-287-284-5
Print ISBN
978-981-287-283-8
Keywords
Urban Development Finance
Trade Finance
Small Business Finance
Rural Finance
Roundtable on International Trade and Finance
Regional Development Finance
Public Service Finance
Public Finance
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Citable URI
http://hdl.handle.net/11540/3062Metadata
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