Greater international financial integration in recent decades has increased the scope for cross-border financial spillovers from one group of countries to another. Do these spillovers, and the resulting financial risks that they create for the world economy, provide greater scope for international policy coordination in the area of prudential policy? In an ongoing joint research […]
Can macroprudential regulation promote both financial stability and growth in low-income countries?
On October 18th, Policy@Manchester organised a Paris conference on Financial Volatility and Macroprudential Regulation in Low-Income Countries. The conference, held in conjunction with the French foundation FERDI and a Moroccan think tank, the OCP Policy Centre, was attended by a number of senior policymakers from Africa and France. In this blog Professor Pierre-Richard Agénor discusses […]