Macroprudential policy: preventing systemic risk and ensuring financial stability.

Summary The back cover states: "Macroprudential policy is now a core mission of many central banks, along with monetary policy. Introduced in the wake of the 2008 crisis, it aims to regulate the financial system as a whole and prevent systemic risk. This book provides a comprehensive view of macroprudential policy, both in terms of its objectives and its operational implementation. It is the first book in French devoted to this subject. The articulation between theory and practice is carried out with rigor and pedagogy, through numerous examples and illustrations. The authors, all specialists in economics and financial regulation, have solid expertise on these issues, having themselves contributed to the implementation of this new policy in France. Working in the Financial Stability Directorate of the Banque de France, they have actively participated in the development of reflections on this topic, both at the national level, notably on behalf of the High Council for Financial Stability, and in European and international working groups. Macroprudential Policy is a book intended for students at universities and business schools as well as for professionals wishing to understand the fundamental issues of this new policy. Because of its didactic nature, it can also be addressed to a wider public interested in macroeconomics, crises and financial regulation.