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.

The global economy has in recent years been characterized among other things by large imbalances between countries and regions, capital flow volatility, and large reserve accumulation by several countries, in some cases well beyond any reasonable measure of reserve adequacy. The global...

Det finnes bare en sentralbank i et land. Det er derfor naturlig å sammenligne den med sentralbanker i andre land. Det er bred enighet om målet for pengepolitikken - prisstabilitet - og at sentralbanken skal være uavhengig i bruken av virkemidlene for å nå målet. Internasjonal...

A country has only one central bank. It is therefore logical to compare it with central banks of other countries. There is broad agreement on the objective of monetary policy - price stability - and on central bank independence in the use of policy instruments to reach that objective. According...

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.