Table of Contents: Managing Elevated Risk :

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

Bibliographic Details
Main Author:	Azis, Iwan J.
Other Authors:	Shin, Hyun Song.
Format:	eBook
Language:	English
Published:	Singapore : Springer Singapore Pte. Limited, 2015.
Edition:	1st ed.
Subjects:	Electronic books.
Online Access:	Click to View

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.