banks play complex, long-horizon games and face more than one tradeoff. We account for these issues in a simple infinite …, independent central banks cannot in general attain both low inflation and financial stability …

banks play complex, long horizon games and face more than one tradeoff. We account for these issues in a simple infinite … central banks cannot attain both low inflation and financial stability …

This paper presents the results of a comprehensive survey conducted with 27 European Union (EU) central banks … complemented by results from a survey of the financial stability department heads in 27 EU central banks. The highest index scores … banks in the EMU, as well as in non-EMU ones. Along with the recent macroprudential reforms, the index level is likely to …

or shadow banks have limited or no prudential regulations. This paper studies the macroeconomic impact of household …

affected banks and by non-affected non-bank financial institutions (NBFIs)? To answer this question, we apply a difference … that insurance companies, financial enterprises, and factoring companies - but not leasing companies - and Non-EBA banks … expand their corporate lending relative to EBA banks. In particular, NBFIs use the opportunity to expand their credit …