Macroprudential Policies in a Global Perspective
NBER Working Paper No. 19967
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Paper presented at the 2013 Asia Economic Policy Conference, Federal Reserve bank of San Francisco, November 3-5 2013. A preliminary version of this paper was presented at the BOJ-IMES Conference, "Financial Crises and the Global Financial System" at the Bank of Japan, May 29-30, 2013. I thank the participants at these conferences for their comments, especially my discussants Guillermo Calvo, Jonathan Ostry and Eric Santor. I also thank Anton Korinek for his comments on a previous draft. The views expressed herein are those of the author and do not necessarily reflect the views of the National Bureau of Economic Research.