III. Are policies falling short
{"Image DocumentName": "III. Are policies falling short?", "Image ImageDescription": "III. Are policies falling short? Pre-crisis, but also since then. PP has adjusted most. Basel III (countercyclical capital buffer) and macroprudential (MaP) frameworks. But expectations unrealistic? And enough done to repair banks\u2019 balance sheets (crisis resolution)? MP has adjusted less. Some shift towards lean option , but quite timid. Temptation to rely exclusively on MaP measures. Limitations during busts fully appreciated? FP has adjusted least, if at all. Little recognition of flattering effect of booms and big risk for busts. Bottom line. Policies are not sufficiently mutually supportive. Policy horizon are too short.", "Image XResolution": "37", "Image YResolution": "37", "Image ResolutionUnit": "Pixels/Centimeter", "Image Software": "SlidePlayer", "Image YCbCrPositioning": "Centered"}