Borgy, V.; Clerc, L.; Renne, J-P. - Banque de France - 2009
Over the recent months, several initiatives have taken place to develop macro-prudential regulation in order to prevent …, credit variables tend to play a less convincing role. From this perspective, we specify the scope of macro-prudential … regulation as a set of tools aiming at avoiding "costly" asset-price booms. In doing so, we try both to make the case for state …