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Zeitschrift für öffentliches Recht

, Volume 67, Issue 2, pp 283–302 | Cite as

Governance of macroprudential policy

  • Jakob de Haan
  • Aerdt Houben
  • Remco van der Molen
Aufsätze

Abstract

The need for an improved macroprudential policy with regard to the financial markets turned evident in the course of the financial crisis since 2007. In this paper we introduce the new respective policies that have been introduced in the EU in the wake of the crisis, shed some light on the underlying conceptions, and, after a brief introduction of the systems applied in the UK, France, and the United States, outline how macroprudential policy might be introduced in the Netherlands, our country of origin.

Keywords

Central Bank European Central Bank Central Bank Independence European Banking Authority Common Market Study 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

Zusammenfassung

Die Finanzkrise 2007 hat deutlich gemacht, dass die Notwendigkeit einer effizienten macroprudential policy immer größer wird. In diesem Beitrag stellen wir die entsprechenden Instrumente vor, die in der EU in der Folge der Krise entwickelt wurden, beleuchten die dahinterstehenden theoretischen Ansätze und skizzieren nach einer kurzen Vorstellung der entsprechenden Verfahren im Vereinigten Königreich, Frankreich und den USA, wie macroprudential policy in den Niederlanden, dem Heimatland der Autoren, organisiert werden sollte.

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Copyright information

© Springer-Verlag 2012

Authors and Affiliations

  • Jakob de Haan
    • 1
    • 2
    • 3
  • Aerdt Houben
    • 4
  • Remco van der Molen
    • 5
  1. 1.Rijksuniversiteit GroningenFaculty of Economics and BusinessAE GroningenThe Netherlands
  2. 2.De Nederlandsche BankAmsterdamThe Netherlands
  3. 3.CESIfoMunichGermany
  4. 4.Director of the Financial Stability Division at De Nederlandsche BankAmsterdamThe Netherlands
  5. 5.Financial Stability DivisionDe Nederlandsche BankAmsterdamThe Netherlands

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