Czech Republic: Technical Note on Macroprudential Policy Framework

July 17, 2012

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Czech Republic: Technical Note on Macroprudential Policy Framework, (USA: International Monetary Fund, 2012) accessed November 21, 2024

Summary

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.

Subject: Countercyclical capital buffers, Financial regulation and supervision, Financial sector policy and analysis, Financial sector stability, Macroprudential policy, Macroprudential policy instruments, Systemic risk

Keywords: Authority, CNB, CNB law, Countercyclical capital buffers, CR, Financial market, Financial market committee, Financial sector stability, Global, ISCR, Liquidity buffer, Macroprudential policy, Macroprudential policy instruments, Market participant, Monetary policy, Price, Risk warning, Stability objective, Systemic risk

Publication Details

Pages:

23
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2012/175
Stock No:

1CZEEA2012005
ISBN:

9781475506211
ISSN:

1934-7685

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