Macroprudencial regulation (Canuto & Cavallari)

Monetary policy and macroprudential regulation: whither emerging markets by Otaviano Canuto and Matheus Cavallari published by World Bank (01/2013). “Confidence in combining inflatio-targeting-cum-flexible-exchange-rate regimes with isolated microprudential regulation as a means to guarantee both macroeconomic and financial stability has been shattered by the scale and synchronization of asset price booms and busts that preceded the current global financial crisis.”