Confidence in combining inflation-targeting-cum-flexible-exchange-rate regimes with isolated micro prudential regulation as a means to guarantee both macroeconomic and financial stability has been shattered by the scale and synchronization of the asset price booms and busts that preceded the global financial crisis. It has now become clear that if monetary policy makers and prudential regulators are to succeed in achieving stability, there can be...
Voir la suite
INFORMATION
-
2013/05/01
-
Fiche
-
77453
-
1
-
1
-
2013/05/09
-
Disclosed
-
Asset prices, macro prudential regulation, and monetary policy
-
monetary policy