This paper provides a comparative assessment of the effectiveness of macroprudential policies in Asia-Pacific economies, using comprehensive databases of domestic macroprudential policies and capital ow management (CFM) policies. We nd that banking sector CFM policies and bond market CFM policies are effective in slowing down banking inflows and bond inflows, respectively. We also nd some evidence of spillover ejects of these policies. Finally, regarding the interaction of monetary policy and macroprudential policies, our empirical findings suggest that macroprudential policies are more successful when they complement monetary policy by reinforcing monetary tightening, than when they act in opposite directions.