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target inflation would undermine the rationale for central bank independence and constitute an additional movement away from …
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target inflation would undermine the rationale for central bank independence and constitute an additional movement away from …
Persistent link: https://www.econbiz.de/10010722876
suited for this role -- whether it be a newly created entity or an existing one, such as a central bank. Additionally, this … removed most regulatory authority from their central banks, yet there may be reasons not to make such a change. …
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Related link: http://www.richmondfed.org/publications/research/region_focus/2009/winter/federal_reserve_weblinks.cfm
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The heavy losses in bank asset portfolios do not reflect an inherent failure of markets to monitor risk adequately but rather the perverse incentives of the financial safety net to excessive risk-taking. The unsustainable rise in house prices and their subsequent sharp decline derived from the...
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