Financial Stability and Macroprudential Policy

Prof. Dr. Tobias Körner is a professor at the University of Applied Sciences of the Deutsche Bundesbank, where he teaches courses in economics and financial stability. His research interests include financial crises, finance and institutions, and econometric policy evaluation. Previously, he was a policy advisor in the staff of the German Council of Economic Experts, responsible for the area of financial markets and financial market policy. He studied law at the University of Applied Sciences for the Administration of Justice of North Rhine-Westphalia, economics at the University of Bonn, and earned his doctorate in economics in the Ruhr Graduate School in Economics doctoral program.Prof. Dr. Oliver Kruse is a professor at the University of Applied Sciences of the Deutsche Bundesbank, specializing in banking, securities, and insurance management. His research interests focus on SME management, particularly SME finance, securities compliance, and sustainability in finance. He is also managing director and chancellor of the FHM - University of Applied Sciences for Small and Medium-Sized Businesses in Bielefeld. Previously, he held various positions and functions for a major German bank for more than 20 years. He studied and earned his doctorate at the Faculty of Business and Economics at the University of Paderborn.

• Chapter 1. Fundamentals of the Macroprudential Mandate.- Part I: Foundations of Macroprudential Surveillance.- Chapter 2. Cyclical Vulnerabilities: The Build-up of Vulnerabilities over Time.- Chapter 3. Structural vulnerabilities: systemic importance, interconnectedness, and risk concentration.- Chapter 4. Resilience.- Chapter 5. Assessment of Risks to Financial Stability.- Part II: Macroprudential Policy.- Chapter 6. Objectives, Approaches, and Limitations of Macroprudential Policy.- Chapter 7. Macroprudential instruments.- Chapter 8. Institutions and Actors in the Field of Financial Stability.- Chapter 9. Crisis Management and Financial Safety Nets.- Chapter 10. Macroprudential policy in a monetary union.