53–76; and Sarah A. Burgard, Jennie E. Brand, and James S. House (2007), “Toward a Better Estimation of the Effect of Job Loss on Health,” Journal of Health and Social Behavior, vol. 48 (4), pp. 369–84.
As the financial crisis exposed the gaps in existing supervisory and regulatory framework, regulators worldwide hastened to embrace macro-prudential policies due to their significance in overcoming the inherent flaws associated with the traditional micro-prudential approach. NRB also followed suit and issued a host of macro prudential measures to make BFIs more resilient.