Maintaining financial stability in Asia and the Pacific
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2019Corporate Author/ s
UN.ESCAP
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Macroeconomic Policy and Financing for Development Division
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RT Generic T1 Maintaining financial stability in Asia and the Pacific A1 UN.ESCAP, YR 2019 LK https://hdl.handle.net/20.500.12870/740 PB United Nations AB Most Asia-Pacific economies have maintained a largely accommodative monetary policy stance in the past decade. However, lower policy rates have not been fully translated into stronger growth, but contributed to financial instability in terms of higher private debt, which harms long-term economic growth. A prudent approach to monetary policy would be needed to focus on maintaining price and financial stability. Policy makers shall accompany traditional monetary policies with macro-prudential policies and regulations to strike a balance between supporting short-term growth prospects while containing the build-up of financial risks. OL English(30) TY - GEN T1 - Maintaining financial stability in Asia and the Pacific AU - UN.ESCAP Y1 - 2019 UR - https://hdl.handle.net/20.500.12870/740 PB - United Nations AB - Most Asia-Pacific economies have maintained a largely accommodative monetary policy stance in the past decade. However, lower policy rates have not been fully translated into stronger growth, but contributed to financial instability in terms of higher private debt, which harms long-term economic growth. A prudent approach to monetary policy would be needed to focus on maintaining price and financial stability. Policy makers shall accompany traditional monetary policies with macro-prudential policies and regulations to strike a balance between supporting short-term growth prospects while containing the build-up of financial risks. @misc{20.500.12870_740 author = {UN.ESCAP}, title = {Maintaining financial stability in Asia and the Pacific}, year = {2019}, abstract = {Most Asia-Pacific economies have maintained a largely accommodative monetary policy stance in the past decade. However, lower policy rates have not been fully translated into stronger growth, but contributed to financial instability in terms of higher private debt, which harms long-term economic growth. A prudent approach to monetary policy would be needed to focus on maintaining price and financial stability. Policy makers shall accompany traditional monetary policies with macro-prudential policies and regulations to strike a balance between supporting short-term growth prospects while containing the build-up of financial risks.}, url = {https://hdl.handle.net/20.500.12870/740} } @misc{20.500.12870_740 author = {UN.ESCAP}, title = {Maintaining financial stability in Asia and the Pacific}, year = {2019}, abstract = {Most Asia-Pacific economies have maintained a largely accommodative monetary policy stance in the past decade. However, lower policy rates have not been fully translated into stronger growth, but contributed to financial instability in terms of higher private debt, which harms long-term economic growth. A prudent approach to monetary policy would be needed to focus on maintaining price and financial stability. Policy makers shall accompany traditional monetary policies with macro-prudential policies and regulations to strike a balance between supporting short-term growth prospects while containing the build-up of financial risks.}, url = {https://hdl.handle.net/20.500.12870/740} } TY - GEN T1 - Maintaining financial stability in Asia and the Pacific AU - UN.ESCAP UR - https://hdl.handle.net/20.500.12870/740 PB - United Nations AB - Most Asia-Pacific economies have maintained a largely accommodative monetary policy stance in the past decade. However, lower policy rates have not been fully translated into stronger growth, but contributed to financial instability in terms of higher private debt, which harms long-term economic growth. A prudent approach to monetary policy would be needed to focus on maintaining price and financial stability. Policy makers shall accompany traditional monetary policies with macro-prudential policies and regulations to strike a balance between supporting short-term growth prospects while containing the build-up of financial risks.Metadata
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MPFD Policy Briefs
No. 101, July 2019
No. 101, July 2019
UNBIST Subject
Abstract
Most Asia-Pacific economies have maintained a largely accommodative monetary policy stance in the past decade. However, lower policy rates have not been fully translated into stronger growth, but contributed to financial instability in terms of higher private debt, which harms long-term economic growth. A prudent approach to monetary policy would be needed to focus on maintaining price and financial stability. Policy makers shall accompany traditional monetary policies with macro-prudential policies and regulations to strike a balance between supporting short-term growth prospects while containing the build-up of financial risks.