The fatal flaw in macropru: it ignores political risk

Danielsson, JonORCID logo; and Macrae, Robert (2016) The fatal flaw in macropru: it ignores political risk. VoxEU.
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Political risk is a major cause of systemic financial risk. This column argues that both the integrity and the legitimacy of macroprudential policy, or ‘macropru’, depends on political risk being included with other risk factors. Yet it is usually excluded from macropru, and that could be a fatal flaw.
Item Type Article
Keywords macropru,microprudential risk,systemic risk,monetary policy,regulation
Departments Finance
Systemic Risk Centre
Financial Markets Group
Date Deposited 24 Mar 2017 15:08
URI https://researchonline.lse.ac.uk/id/eprint/70703

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