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On 16th November 2009, SUERF, CEPS and the Belgian Financial Forum coorganized a conference "Crisis management at cross-roads" in Brussels. All papers in the present volume are based on contributions at the conference and the SUERF Annual Lecture which followed the event.
Persistent link: https://www.econbiz.de/10011706117
The authors present a detailed discussion of the Bank of Canadas' framework for the implementation of monetary policy … implementation of monetary policy. An assessment of the effectiveness of the Bank of Canadas' framework is also provided, including …
Persistent link: https://www.econbiz.de/10003727268
Central banks responded with exceptional liquidity support during the financial crisis to prevent a systemic meltdown. They broadened their tool kit and extended liquidity support to nonbanks and key financial markets. Many want central banks to embrace this expanded role as "market maker of...
Persistent link: https://www.econbiz.de/10010356675
The European Central Bank (ECB) recently became engaged in macro-prudential policies and the micro …
Persistent link: https://www.econbiz.de/10011455880
Central Bankers are currently facing big challenges in designing and implementing monetary policy, as well as with safeguarding financial stability, with the world economy still in the process of digesting the legacy of the crisis. The crisis has changed central banking in many ways: by shifting...
Persistent link: https://www.econbiz.de/10011554981
The view that central banks must play a greater role in preserving financial stability has gained considerable ground in the aftermath of the crisis and macroprudential policy has become a central pillar to deal with financial stability. The policy frame of macroprudential policy, its toolbox...
Persistent link: https://www.econbiz.de/10013121245
In this paper bank bailout rules and central bank independence (CBI) are determined by majority voting. The failure of … a bank is socially costly, since bailouts are financed by distortionary taxation. The tax distortion can be reduced via … individuals have heterogeneous portfolios, the bailout and the central bank' s policy have redistributive consequences. Thus the …
Persistent link: https://www.econbiz.de/10013071502
domestic credit growth, with household and corporate leverage trending upwards. Bank lending remains the predominant source of …
Persistent link: https://www.econbiz.de/10013011670
Central banks responded with exceptional liquidity support during the financial crisis to prevent a systemic meltdown. They broadened their tool kit and extended liquidity support to nonbanks and key financial markets. Many want central banks to embrace this expanded role as “market maker of...
Persistent link: https://www.econbiz.de/10013053664
In addition to revamping existing rules for bank capital, Basel III introduces a new global framework for liquidity … on loans of one of these assets - central bank reserves - it is important to understand how this regulation may impact …
Persistent link: https://www.econbiz.de/10013059557