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 …

resiliencequot;, in Brunnen, Switzerland. The event brought together senior representatives of central banks, academic institutions …

operating firms has failed to return to normal levels. One explanation suggested is that banks still lack confidence because … they need time to adjust to the new environment. Another is that the reduced flow of credit reflects banks' rational … the prospects of operating firms are interdependent, banks' decisions on whether to lend to a given operating firm depend …