Browsing Norges Banks vitenarkiv by Author "Ellingsrud, Sigmund"
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Macroprudential Regulation - What, Why and How?
Borchgrevink, Henrik; Ellingsrud, Sigmund; Hansen, Frank (Staff Memo;13/2014, Working paper, 2014)This paper reviews recent literature on the theoretical foundations of macroprudential regulation. We identify six categories of market failures that give rise to macroprudential concerns; pecuniary externalities, ...