This paper presents the main features of macroprudential policy with a focus on the French case. We first recall the ultimate objective of this policy, which is to prevent and to mitigate systemic risk, i.e. the risk of “widespread disruptions to the provision of financial services that have...

The serious problems which the global economy has been subjected to lately, have indicated there is a need of reconsidering the importance of the financial stability also making the central banks place this aspect as the main objective of their activity along with the costs stability. The...