To ensure the safety and soundness of the global financial system as well as individual
financial institutions and to reduce systemic risk, numerous policy measures and regulatory …

This special issue argues that to make sense of the increased prominence of central banks
after the 2008 financial crisis and COVID-19 pandemic requires interrogating the sources of …

After the great financial crisis of 2007–2009, central banks were handed a macroprudential
mandate to contain systemic risks, a mandate seen as endangering their independence due …

Central bankers and financial regulators in East Central Europe and the Balkans regularly
employed macroprudential policy before the global financial crisis and continue to be …

Macroprudential regulation is a set of economic and policy tools that aim to mitigate risk in
the financial and banking systems. It was largely developed in response to the financial …

After their successful introduction during the 2007–2009 financial crisis, central bank stress
tests were adopted as a fixture of international banking supervision. However, in recent …

It is commonly assumed that state agencies legitimize themselves via outputs. This paper
shows that in situations of organizational crisis, state agencies may adopt new policy areas …

This study empirically investigates whether systemic risk varies among countries with
different income levels in response to macroprudential policy instruments (MPIs). The results …

Using a range of calculative devices,(Mis) managing Macroprudential Expectations explores
the methods used by central banks to predict and govern the tail risks that could impact …

Implementing precautionary measures that have obvious distributional consequences today
but often only invisible future benefits is politically difficult. It requires that policymakers …