01770cas a2200241 a 4500 AALejournalIMF002438 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451854404 1018-5941 BD-DhAAL BD-DhAAL Schinasi, Garry. Responsibility of Central Banks for Stability in Financial Markets / Garry Schinasi. Washington, D.C. : International Monetary Fund, 2003. 1 online resource (19 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students 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. Mode of access: Internet IMF Working Papers; Working Paper ; No. 2003/121 Full text available on IMF http://elibrary.imf.org/view/journals/001/2003/121/001.2003.issue-121-en.xml IMF e-Library