Unfortunately, the development and use of macroprudential tools faces considerable economic and political obstacles. The Bank of Spain’s attempt to implement adjustable capital requirements for banks, through its system of “dynamic provisioning,” did little to deter aggressive lending during the country’s property boom.
不幸的是，宏观审慎工具的开发和使用面临诸多经济和政治障碍。西班牙银行试图通过“动态准备金”系统实施可调银行资本要求，结果并未达到在房地产繁荣期间抑制激进放贷的行为。狂热一旦形成，加入其中的诱惑就会变得难以阻挡。