This paper gauges if, and how, institutional arrangements are correlated with the use of macroprudential policy instruments. Using data from 39 countries, the paper evaluates policy response time in various types of institutional arrangements for macroprudential policy and finds that the...

There has recently been a proliferation of new quantitative tools as part of various initiatives to improve the monitoring of systemic risk. The ""SysMo"" project takes stock of the current toolkit used at the IMF for this purpose. It offers detailed and practical guidance on the use of current...