Author: Arena Marco, Geng Nan, Gueye Cheikh A, Lybek Tonny, and Zhang Yuanyan Sophia
Macroprudential policy in Europe aligns with the objective of limiting systemic risk, namely the risk of widespread disruption to the provision of financial services that is caused by an impairment of all or parts of the financial system and that can cause serious negative consequences for the real economy.
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