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The paper gives an overview over issues concerning the role of financial stability in monetary policy. Historically, financial stability has figured highly among central banks ́objectives, with policy measures ranging from interest rate stabilization to serving as a lender of the last resort....
Persistent link: https://www.econbiz.de/10011301235
Die deutsche Diskussion über die Europäische Währungsunion steckt in einer Empörungsfalle. Rechtsnormen und Zahlen werden ungenau und missverständlich wiedergegeben, Kausalzusammenhänge werden nicht belegt. Der Begriff des "Target-Kredits" vermengt volkswirtschaftliche und...
Persistent link: https://www.econbiz.de/10011988316
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This contribution to the panel on the future to EMU discusses the tensions that arise from the fact that banks are, on the one hand, an essential element of the monetary transmission mechanism and, on the other hand, an integral part of local, regional or national polities. Banking union can...
Persistent link: https://www.econbiz.de/10012153354
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ECB President Christine Lagarde and others have suggested that climate change creates risks for price stability and for the viability of counterparties to central bank interventions and therefore monetary policy should contribute to fighting climate change. However, pursuit of this new objective...
Persistent link: https://www.econbiz.de/10013343438
Persistent link: https://www.econbiz.de/10004889725
Die deutsche Diskussion über die Europäische Währungsunion steckt in einer Empörungsfalle. Rechtsnormen und Zahlen werden ungenau und missverständlich wiedergegeben, Kausalzusammenhänge werden nicht belegt. Der Begriff des "Target-Kredits" vermengt volkswirtschaftliche und...
Persistent link: https://www.econbiz.de/10012110577
Persistent link: https://www.econbiz.de/10011695971
Persistent link: https://www.econbiz.de/10000855507