Interaction between Monetary Policy and Bank Regulation
Briefing
09-02-2016
The financial crisis has shown that price stability is not sufficient to guarantee financial stability. Prior to the recent financial crisis, the framework of monetary policy was broadly converging toward a price stability (inflation) target and a short-term interest rate as a policy tool. Price stability, however, did not ensure financial stability as the financial cycle and the business cycle are not synchronised. As a consequence, new financial regulation tools were set up to increase the resilience of financial institutions. The newly emerging model is one in which monetary policy is primarily aimed at price stability and supervisory (macro-prudential) policy is primarily aimed at financial stability.
Briefing
Despre acest document
Tipul publicației
Domeniul tematic
Cuvânt-cheie
- analiză economică
- analiză economică
- bancă
- bibliografie
- documentare
- DREPT
- drept bancar
- drept civil
- ECONOMIE
- economie monetară
- EDUCAŢIE COMUNICARE ŞI COMUNICAŢII
- FINANŢE
- instituţii financiare şi de credit
- politică monetară unică
- preţuri
- relaţii monetare
- sistem bancar
- solvabilitate financiară
- stabilitatea prețurilor
- supervizarea activității bancare
- zonă euro