Managing Elevated Risk : : Global Liquidity, Capital Flows, and Macroprudential Policy--An Asian Perspective.

• Author: Azis, Iwan J.
• TeilnehmendeR: Shin, Hyun Song.
• Place / Publishing House: Singapore : : Springer Singapore Pte. Limited,, 2015.; Ã2015.
• Year of Publication: 2015
• Edition: 1st ed.
• Language: English
• Physical Description: 1 online resource (129 pages)

Table of Contents

Intro -- Foreword -- Contents -- 1 Introduction and Overview -- 2 The Three Phases of Global Liquidity -- 2.1 Conceptual and Measurement Issues -- 2.2 First Phase of Global Liquidity -- 2.2.1 Round-Trip Bank Flows to the US -- 2.2.2 Banking Sector Flows to the Rest of the World -- 2.2.3 Exchange Rates and Leverage -- 2.3 Second Phase of Global Liquidity -- 2.4 The Case of Emerging Asia -- 2.5 Third Phase and Onward -- References -- 3 Early Warning Indicators for Financial Vulnerabilities -- 3.1 Principles for Selection of Early Warning Indicators -- 3.2 Core and Noncore Liabilities -- References -- 4 Emerging Asia's Noncore Liabilities and Policy Effectiveness -- 4.1 Bank-Led Flows, Noncore Liabilities, and Credit Growth -- 4.2 Reassessing Monetary Policy -- 4.3 Appendix -- References -- 5 Capital Flows and Income Distribution -- 5.1 National Policy Remains Key -- 5.2 How Capital Flows Affect Income Inequality -- 5.3 Prioritization for a Multi-objective Goal -- References -- 6 Policy Implications -- 6.1 Tailoring Policies to Vulnerabilities -- 6.2 Macroprudential Tools -- 6.2.1 Bank Capital-Oriented Tools -- 6.2.1.1 Capital Requirements that Adjust Over the Cycle -- 6.2.1.2 Forward-Looking Provisioning -- 6.2.1.3 Leverage Caps -- 6.2.1.4 Loan-to-Value and Debt-Service-to-Income Caps -- 6.2.1.5 Loan-to-Deposit Caps -- 6.2.1.6 Levy on Noncore Liabilities -- 6.2.1.7 Unremunerated Reserve Requirements -- 6.2.2 Relative Merits of URR Versus LeviesTaxes -- 6.2.3 Relationship with Other Stabilization Policies -- 6.3 Financial Integration and Institutional Design -- 6.4 Policy Choices -- References -- Index.