The role of central banks in promoting financial stability : an international perspective / by Rose Cunningham and Christian Friedrich.: FB3-6/2016-15E-PDF
The 2007–09 global financial crisis has led policy-makers around the world, including central banks, to refocus their efforts to promote financial stability. As part of this process, central banks became quite active in supporting financial stability in a variety of ways, such as publicly sharing their assessments of financial system vulnerabilities and risks and helping to strengthen regulation, supervision and macroprudential measures. However, the use of monetary policy instruments for managing financial stability risks is more widely debated because central banks may face a trade-off between attaining their inflation targets in a timely manner and exacerbating financial stability risks. Recent research suggests that central banks that tend to have stronger financial stability mandates and less influence over regulatory and macroprudential tools are more likely to use monetary policy to address financial stability risks.
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| Department/Agency | Bank of Canada. |
|---|---|
| Title | The role of central banks in promoting financial stability : an international perspective / by Rose Cunningham and Christian Friedrich. |
| Series title | Staff discussion paper, 1914-0568 ; 2016-15 |
| Publication type | Series - View Master Record |
| Language | [English] |
| Format | Electronic |
| Electronic document | |
| Note(s) | "July 2016." Includes bibliographical references. |
| Publishing information | [Ottawa] : Bank of Canada, c2016. |
| Author / Contributor | Cunningham, Rose. Friedrich, Christian, 1983- |
| Description | 18 p. |
| Catalogue number |
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| Subject terms | International finance Monetary policy |