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Une perspective macroprudentielle pour la stabilité financière

Pinshi, Christian (2017): Une perspective macroprudentielle pour la stabilité financière. Published in: MPRA , Vol. 77905, (2016): pp. 1-21.

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Abstract

The need to strengthen the macroprudential orientation of financial regulatory and supervisory frameworks stays a priority for financial and real good health. Stability financial is threatened with endogenous and exogenous risks translating crises, hence it has to a healthy regulation for the reduction risks. Macroprudential policy proves to be a best regulation limiting systemic risk.

We wonder about adoption a framework macroprudential for stability financial in Democratic Republic of Congo (DRC). The great correlation between countercyclical capital buffer and stability financial justify to make use of framework macroprudential. The causality analysis put in light the effect of policy macroprudential on financial stability. The coefficient of reserve requirements, used like an indicator par excellence, and countercyclical capital buffer cause financial stability. That’s justify an adoption of framework macroprudential in DRC.

Then, we showed that credit growth in DRC is below crisis threshold, banks should grant more credit as much as they are below crisis threshold instead of credit crunch.

Finally, we suggest a best Framework governance for a macroprudential policy in DRC. The game must be cooperative but flexible with monetary policy, it means, we must create a general management or autonomous institution macroprudential. However monetary policy must have a power supreme or a low of veto on this financial stability general management.

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