00000nam 2200000za 4500 9.821817 CaOODSP 20221107143541 cr ||||||||||| 160729s2016 oncd ob f000 0 eng d CaOODSP eng eng fre n-cn--- FB3-6/2016-15E-PDF Cunningham, Rose. The role of central banks in promoting financial stability [electronic resource] : an international perspective / by Rose Cunningham and Christian Friedrich. [Ottawa] : Bank of Canada, c2016. 18 p. Staff discussion paper, 1914-0568 ; 2016-15 "July 2016." Includes bibliographical references. 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. gccst International finance gccst Monetary policy Friedrich, Christian, 1983- Bank of Canada. Staff discussion paper (Bank of Canada) 2016-15 (CaOODSP)9.806273 PDF 573 KB https://publications.gc.ca/collections/collection_2016/banque-bank-canada/FB3-6-2016-15-eng.pdf