Understanding the nature of systemic risk and identifying the channels of diffusion of the shocks are the necessary prerequisite to anticipate and manage successfully the insurgence of financial crises. In order to prevent financial distress and manage instability, the macroprudential regulator...

The aim of the paper is to analyze the state of art of macroeconomic policies (MAP) with a focus on the case of the European Union. To this end the institutional framework of Map is introduced and discussed with regard to relations and/or conflicts with other policies; to agencies involved,...