Czech Republic; Technical Note on Macroprudential Policy Framework
This technical note examines the macroprudential policy framework in the Czech Republic. The Czech National Bank (CNB) has been actively developing its macroprudential policy framework for some time, including most recently the establishment of a separate Financial Stability Department. The authorities’ first line of defense against threats to financial stability has been sound macroeconomic policies. The Czech financial system overall appears stable. Stress tests indicate that banks would have sufficient capital and liquidity buffers to withstand a double-dip recession.
Year of publication: |
2012-07-17
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Institutions: | International Monetary Fund (IMF) ; International Monetary Fund |
Subject: | Financial Sector Assessment Program | Financial stability | Macroprudential Policy | systemic risk | monetary policy | contagion | price stability | macroeconomic policies | inflation | economic crisis | global economic crisis | credit booms | credit boom | crisis management | pre-crisis | recession | foreign exchange | foreign currency | early warning systems | inflation targeting regime | financial contagion | low liquidity | inflation targeting | price inflation | banking crises | global financial crisis | capital adequacy |
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