Responsibility of Central banks for stability in financial markets /
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Author / Creator: | Schinasi, Garry J., author. |
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Imprint: | [Washington, D.C.] : International Monetary Fund, International Capital Markets Dept., ©2003. |
Description: | 1 online resource (17 pages) |
Language: | English |
Series: | IMF working paper, 2227-8885 ; WP/03/121 IMF working paper ; WP/03/121. |
Subject: | |
Format: | E-Resource Book |
URL for this record: | http://pi.lib.uchicago.edu/1001/cat/bib/12496346 |
Summary: | What is the role of central banks in ensuring financial stability? This paper addresses this controversial subject, in part by drawing on the experiences in Europe, Japan, and the United States, and by examining four questions. What is meant by financial stability? Do central banks have a natural role in ensuring financial stability? What does a central bank need to execute this role effectively? How far have central banks actually gone in safeguarding financial stability? The experience drawn on in the paper suggest that central banks: have a natural role to play; at times may require supervisory information to execute this natural role; and have incurred risks to their balance sheets to ensure financial stability. |
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Physical Description: | 1 online resource (17 pages) |
Format: | Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002. |
Bibliography: | Includes bibliographical references (page 17). |
ISBN: | 1451899777 9781451899771 1282094270 9781282094277 1462368077 9781462368075 1452743169 9781452743165 9786613799432 6613799432 |
ISSN: | 2227-8885 ; |