Central banks have responded with exceptional vigour to the crisis by using their traditional interest-rate tools to … gradually removed. Given the considerable changes in the size and composition of central banks' balance sheets, the exit will … preserve the hard-won anchoring of inflation expectations and dissipate any hypothetical fears that central banks? greater risk …

Central banks have responded with exceptional vigour to the crisis by using their traditional interest-rate tools to … gradually removed. Given the considerable changes in the size and composition of central banks' balance sheets, the exit will … preserve the hard-won anchoring of inflation expectations and dissipate any hypothetical fears that central banks? greater risk …

transferred to a government controlled “bad bank”, NAMA, and the associated heavy losses fully recognised by the banks. NAMA needs … draw a line under losses. Restructuring of the domestic banking system around two core pillar banks is underway but the … domestic banking system is still too large. Selling down the banks’ large portfolio of foreign assets will help to downsize the …

alternatives to bank lending options for SME finance is important but will take time. Restructuring banks’ balance sheets is …

. Excessive risk-taking by banks and households had been masked by relatively stable exchange rates, the expected early adoption … banks were hit by the drying up of liquidity, including in swap markets for Swiss francs. A major lesson learnt from the …

banks seem increasingly resilient to such a shock. Although model simulations suggest that a large and protracted government …

domestic capital adequacy requirements for banks, greater reliance of a domestic banking system on deposits, controls on credit …