المستخلص: |
The occurrence of the global financial crisis 2007/2008 has demonstrated the importance and even the necessity of Macroprudential Policies, through a specific framework and tools that play an important role in prudence and caution, and even work to reduce the possibility of future economic imbalances. In the period of time after the crisis occurred, many countries sought to work with the tools of Macroprudential Policies in order to maintain financial stability, and thereby economic Stability. Macroprudential tools can be used as precautionary indicators to avoid shocks, and especially avoiding financial crises. Within this context, the importance of identifying what is named by "Macroprudential policies" appeared, for the objective of avoiding systemic risks. Accordingly, there was a need to understand what is meant by systemic risks, their types, and the features of the financial systems that stimulate the emergence of such a type of risk that destabilizes financial stability in different countries. In addition to this, there exists an importance for the distinction between Macroprudential Policies and Microprudential policies that were used before the recent global financial crisis. At last, it was crucial to tackle and demonstrate the idea of Integration between Macroprudential Policies and other Macroeconomic Policies for supporting Financial Stability.
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