Towards a Sectoral application of the countercyclical capital buffer
In addressing the stated topics, the RTF-CCyB work stream aimed at shedding light on some of the relevant mechanisms and likely implications for bank lending and the broader economy. The research findings presented here are hoped to be of value to policymakers when combined with other relevant sources of information, including economic considerations, policy and practical experience, and the broader academic literature. The report offers some direction regarding possible areas for future work by pointing at a number of open issues – including on the potential interactions of a sectoral CCyB with policy measures already available for addressing sectoral imbalances in various jurisdictions – that warrant further analysis and research.
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