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Debiasing Macroprudential Policy: Part 1: An Evidence-based Approach and the Precautionary Principle

Research output: Contribution to journalArticle

Original languageEnglish
Pages (from-to)5-16
JournalJournal of International Banking Law and Regulation
Issue number1
Early online date31 Jan 2019
Accepted/In press17 Sep 2018
E-pub ahead of print31 Jan 2019


King's Authors


Discusses the justifications for an evidence-based approach to macroprudential policy-making. Examines its role in combating the inaction bias of macroprudential supervisors, the challenges it presents, including issue bias, and whether the precautionary principle should be a feature of its operation. Considers the institutional and legal measures that could address the deficiencies of such a system.

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