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Macroeconomic Policy after the Crash

Issues in Microprudential and Macroprudential Policy

  • Richard Barwell

Table of contents

  1. Front Matter
    Pages i-xiv
  2. Richard Barwell
    Pages 1-7
  3. Microprudential Policy

    1. Front Matter
      Pages 9-9
    2. Richard Barwell
      Pages 11-45
    3. Richard Barwell
      Pages 47-76
    4. Richard Barwell
      Pages 77-119
    5. Richard Barwell
      Pages 121-165
    6. Richard Barwell
      Pages 167-193
  4. Macroprudential Policy

    1. Front Matter
      Pages 195-195
    2. Richard Barwell
      Pages 197-232
    3. Richard Barwell
      Pages 297-329
    4. Richard Barwell
      Pages 383-410
  5. Back Matter
    Pages 411-427

About this book

Introduction

This book reviews the key policy debates during the post-crash era, describing the issues that policymakers grappled with, the decisions that they took and the details of the policy instruments that were created.  It focuses specifically on the policy regimes at the epicentre of the crisis: micro- and macro-prudential policy with chapters exploring the revolution in the conduct of macroeconomic policy in the period since the financial crisis. The author shows that throughout this period policymakers have had to balance two conflicting objectives – to repair balance sheets in the banking and public sectors whilst simultaneously trying to catalyse an economic recovery – and that has required them to innovate new tools and even new policy regimes in response. This book goes behind the jargon and explains what exactly policymakers at the Bank of England, the Treasury and beyond did and why, from QE to austerity to Basel III.

Keywords

The Financial Crisis Liquidity Credit Guarantee Scheme The Financial Services Compensation Scheme Financial Reform Basel III Central counterparties Shadow banking Solvency II Systemic Risk Financial stability Transmission mechanisms Contingent capital

Authors and affiliations

  • Richard Barwell
    • 1
  1. 1.BNP Paribas Investment PartnersDartfordUnited Kingdom

Bibliographic information

  • DOI https://doi.org/10.1007/978-3-319-40463-9
  • Copyright Information The Editor(s) (if applicable) and The Author(s) 2017
  • Publisher Name Palgrave Macmillan, Cham
  • eBook Packages Economics and Finance
  • Print ISBN 978-3-319-40462-2
  • Online ISBN 978-3-319-40463-9
  • Buy this book on publisher's site