New guide helps emerging markets safeguard financial stability and growth.
The article is a guide for countries with developing economies on setting up a system to protect their financial stability. It focuses on using a macroprudential policy framework to monitor and manage risks in the banking sector. The guide emphasizes that this framework is not a cure-all and should be used alongside other policies. It also stresses the importance of considering the specific needs of each country's financial system. The guide is structured to help countries implement the framework step by step, from understanding the concept to using tools to detect and address risks.