The recent financial crisis has led to a remodeling of macroeconomic policy so that it could incorporate the fact that price stability was not the only necessary condition for obtaining financial stability. Macroprudential policies have become a frequently discussed topic in economic literature...

The article explains the conceptual principles of macroprudential policy, its main objectives and instruments. The classification of macroprudential policy tools of the Committee on the Global Financial System is defined. The comparative characteristics of macro-prudential policy in the Western...