WHO SHOULD BE THE IN CHARGE OF MACROPRUDENTIAL SUPERVISION
{"Image DocumentName": "WHO SHOULD BE THE IN CHARGE OF MACROPRUDENTIAL SUPERVISION?", "Image ImageDescription": "In the microprudential regulation approach there was a well defined division of labor among central bank and regulatory and supervisory authorities. The central bank was made responsible from the price stability (macro dimension) and the regulatory and supervisory authorities from the soundness and stability of individual financial institutions (micro dimension). Macroprudential approach, on the other hand, requires the regulatory authority to exhibit competence in both macro and micro dimensions. In other words, such an authority should be highly credible in the eyes of financial institutions.", "Image XResolution": "37", "Image YResolution": "37", "Image ResolutionUnit": "Pixels/Centimeter", "Image Software": "SlidePlayer", "Image YCbCrPositioning": "Centered"}