European Union countries implement new policies to reduce systemic risk
The article discusses how macroprudential policy works in European Union countries. It looks at how these policies are managed, their effects, and how they relate to other economic policies. The key to reducing risk is having the right political and institutional support. The researchers analyzed different aspects like the type of governance, tools used, and compliance with recommendations. They found that the success of macroprudential policy depends on the environment it's in.