01824cas a2200277 a 4500 AALejournalIMF022710 230101c9999 xx r poo 0 0eng d 20.00 USD 9781484305850 1018-5941 BD-DhAAL BD-DhAAL King, Darryl. Central Bank Emergency Support to Securities Markets / Darryl King, Luis Brandao Marques, Kelly Eckhold, Peter Lindner. Washington, D.C. : International Monetary Fund, 2017. 1 online resource (50 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 This paper considers the central bank mandate with respect to financial stability and identifies the links to the functioning of securities markets. It argues that while emergency support to securities markets is an important part of the crisis management response, a high bar should be set for its use. Importantly, it should be used only as part of a comprehensive policy package. The paper considers what types of securities markets may be important for financial stability, what market conditions could trigger emergency support measures, and how programs can be designed to restore market functioning while minimizing moral hazard. Mode of access: Internet Brandao Marques, Luis. Eckhold, Kelly. Lindner, Peter. IMF Working Papers; Working Paper ; No. 2017/152 Full text available on IMF https://elibrary.imf.org/openurl?genre=journal&issn=1018-5941&volume=2017&issue=152 IMF e-Library