Geoscience Reference
In-Depth Information
GOAL
MICRO STABILITY
SOCIAL ISSUE
MACRO STABILITY
BENEFIT
OPPORTUNITY
COSTS
RISKS
VOLATILITY
COMPETITIVENESS
LIQUIDITY
CAPITAL MARKET
GOAL
GOAL
GOAL
GOAL
Short term
Security
Non-HH
INC
EQUITY
BANKF
Trade
Account
EXR
Excess Saving
Short-term
Security
Short term
Security
RN
EQUITY
Financial INC
Fin
Firm
Non-Fin
Firm
Bank
Gov
IMPORT
EXPORT
Assign
Levy
Assign
Levy
Reg Safety
Nets
Reg Safety
Nets
Encourage
Outflows
Encourage
Outflows
Assign
Levy
Reg Safety
Nets
Encourage
Outflows
Assign
Levy
RESILIENCE
Encourage
Outflows
Reg Safety
Nets
EXPAND
GOAL
GOAL
DEFLATION
INCOME DISTRIBUTION
GOAL
Property
Price
HH Net
Worth
M2/
RESERVE
BANKF
GOAL
ID
CD
Financial INC
FINTM
ASSET
PRICE
PINDEX
RER
Assign
Levy
Reg Safety
Nets
Encourage
Ouflows
POOR/RICH
RURAL/URBAN
Assign
Levy
Reg Safety
Nets
Short-term
Security
Encourage
Outflows
EQUITY
WELFARE
FACTOR
FINANCIAL
Assign
Levy
Reg Safety
Nets
Encourage
Outflows
GOAL
Assign
Levy
Reg Safety
Nets
BANK'S VULNERABILITY
Encourage
Outflows
Financial
INC
Poverty
Line
UEMP
FS
GOAL
Short-term
Security
INC
Equity
INC
CREDIT
CRUNCH
CAR
WEALTH
Assign
Levy
Reg Safety
Nets
Assign
Levy
Encourage
Outflows
Reg Safety
Nets
Encourage
Outflows
Fig. 9.10
Analytic network process (ANP) structure for policy options
only in the long-run. Recipient countries can also improve overall WELFARE, after
a certain period, if they take advantage of the increased capital inflows. All these
long-term benefits are grouped in the OPPORTUNITY cluster. The components
connecting the GOAL and policies in Fig.
9.10
are most relevant and should be
considered in prioritizing policies. For example, given an increase in bank-led
flows, improvements in WELFARE can be fueled by a gradual increase in the
financial income originating in short-term securities and equity earnings.
On the downside of bank-led flows, the short- and long-term costs (COST and
RISK, respectively) are analyzed similarly, except that the priority ranking is based
