Narrative
Since the global financial crisis triggered by the collapse of the subprime mortgage market in the United States, a key issue for central banks has been the extent to which they should use monetary policy, along with macroprudential tools, to promote financial stability. University of Manchester (UoM) research has developed small theoretical models, and more detailed quantitative macroeconomic models, to help address this issue. This analytical work has helped to: firstly, influence the policies and operations of several major central banks (Brazil, Turkey and Morocco); and secondly, fuel the debate about global reform of bank regulation in international forums, such as the Financial Stability Board, the Basel Committee on Banking Supervision and annual meetings of central banks from Latin America. Impact has been achieved through presentations to these forums, alongside discussions with senior policymakers from other countries.| Impact date | 2014 |
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| Category of impact | Economic impacts, Political impacts |
Documents & Links
Related content
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Research output
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Capital Regulation, Monetary Policy and Financial Stability
Research output: Contribution to journal › Article › peer-review
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Monetary shocks and central bank liquidity with credit market imperfections
Research output: Contribution to journal › Article › peer-review
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Inflation Targeting and Financial Stability: A Perspective from the Developing World
Research output: Book/Report › Book › peer-review
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Capital Requirements and Business Cycles with Credit Market Imperfections
Research output: Contribution to journal › Article › peer-review
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Impacts
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Building analytical capacity, informing monetary and macroprudential policy, and strengthening policy frameworks in central banks in Middle Income Countries
Impact: Economic impacts, Political impacts