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The importance of prudential regulations in the process of transmitting monetary policy to economy

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dc.contributor.author Redo, Magdalena
dc.date.accessioned 2016-01-21T10:11:05Z
dc.date.available 2016-01-21T10:11:05Z
dc.date.issued 2016-01-21
dc.identifier.issn 2300 -1240
dc.identifier.issn 2300 -3065
dc.identifier.other DOI: http://dx.doi.org/10.12775/CJFA.2015.021
dc.identifier.uri http://repozytorium.umk.pl/handle/item/2995
dc.description.abstract The main aim of prudential regulations is to increase the stability of financial systems; however, such regulations also increase the risk-taking tendency of banks, they encourage them to combine and limit their lending possibilities with, at the same time, lowering the efficiency of monetary policy in affecting economic processes. Thus, it occurs as a reasonable solution to integrate macroprudential supervision with monetary policy of the central bank and to subsequently limit the pro-cycle character of these regulations. The aim of this article is to discuss the importance of the regulatory channel in the process of transmitting impulses of monetary policy into economy and to overview the results of research, which analyzed the influence of macroprudential regulations on bank lending policy as well as their sensitivity towards monetary policy of the central bank.
dc.language.iso eng
dc.relation.ispartofseries Copernican Journal of Finance & Accounting;Vol 4, No 2 (2015)
dc.rights info:eu-repo/semantics/openAccess
dc.subject central bank
dc.subject monetary policy
dc.subject macroprudential supervision
dc.subject mechanisms of transmitting impulses of monetary policy
dc.title The importance of prudential regulations in the process of transmitting monetary policy to economy
dc.type info:eu-repo/semantics/article


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