The global financial crisis has challenged the traditional monetary policy framework of one instrument (short-term interest rates) – one objective (price stability). More and more central banks nowadays consider financial stability as a monetary policy objective, whereas the Central Bank of...

General deregulations of financial markets and improper risk management have seriously shaken banking systems worldwide during the global financial crisis. The key challenge in the upcoming period is to find an optimum balance between necessary regulation and avoiding overregulation that could...

General deregulations of financial markets and improper risk management have seriously shaken banking systems worldwide during the global financial crisis. The key challenge in the upcoming period is to find an optimum balance between necessary regulation and avoiding overregulation that could...