The financial crisis of 2008 is probably the single most important ecomic event in post-war history. Macroprudential policy is the response to that crisis - a determined attempt to stabilize the financial system. This book explains why it is necessary, who will be responsible for executing this responsibility and how they will go about doing it.
Richard Barwell is currently senior European Economist at RBS Markets; previously he was a senior economist at the Bank of England, working on issues of both monetary and financial stability. However, the opinions and analysis presented in this book represent his personal views and his alone, not those of his current or former employer.