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008160729s2016    oncd    ob   f000 0 eng d
040 |aCaOODSP|beng
041 |aeng|bfre
043 |an-cn---
0861 |aFB3-6/2016-15E-PDF
1001 |aCunningham, Rose.
24514|aThe role of central banks in promoting financial stability |h[electronic resource] : |ban international perspective / |cby Rose Cunningham and Christian Friedrich.
260 |a[Ottawa] : |bBank of Canada, |cc2016.
300 |a18 p.
4901 |aStaff discussion paper, |x1914-0568 ; |v2016-15
500 |a"July 2016."
504 |aIncludes bibliographical references.
5203 |aThe 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.
69207|2gccst|aInternational finance
69207|2gccst|aMonetary policy
7001 |aFriedrich, Christian, |d1983-
7102 |aBank of Canada.
830#0|aStaff discussion paper (Bank of Canada)|v2016-15|w(CaOODSP)9.806273
85640|qPDF|s573 KB|uhttps://publications.gc.ca/collections/collection_2016/banque-bank-canada/FB3-6-2016-15-eng.pdf