Responsibility of Central Banks for Stability in Financial Markets /

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 ro...

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Detalhes bibliográficos
Autor principal: Schinasi, Garry
Formato: Periódico
Idioma:English
Publicado em: Washington, D.C. : International Monetary Fund, 2003.
coleção:IMF Working Papers; Working Paper ; No. 2003/121
Acesso em linha:Full text available on IMF