Financial Stability in a Changing Environment - Tapa dura

Sinopsis

In this work, prominent academics and central bankers explore the framework for securing financial stability in a changing environment. The papers focus in particular on crucial issues for central banks and regulatory institutions around the world: (i) the implications of changes in the financial system worldwide for financial stability; (ii) an optimal design of prudential policy; and (iii) the relationship between the two ultimate goals of central banks - price stability and financial stability.

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