... June 7, 2012 SDN/12/06 Policies for Macrofinancial Stability: How to Deal with Credit Booms Giovanni Dell'Ariccia, Deniz Igan, Luc Laeven, and Hui Tong, with Bas Bakker and Jérôme ... and the conduct of macroeconomic policies. INTERNATIONAL MONETARY FUND Research Department Policies for Macrofinancial Stability: How to Deal with Credit Booms Prepared by Giovanni Dell’Ariccia, ... susceptibility to credit booms and devise policies to reduce this susceptibility. Three often concurrently observed factors are frequently associated with the onset of credit booms (see, for instance,...