Click Here to Download: https://ouo.io/AKh1al Role Of Central Banks In Financial Stability, The: How Has It Changed? How Has It Changed? By: Douglas D Evanoff Publisher: WSPC Print ISBN: 9789814449915, 9814449911 eText ISBN: 9789814449939, 9814449938 Pages: 464 Format: EPUB Available from $ 61.00 USD SKU 9789814449939 The two most topical issues in current financial markets deal with the causes of the recent financial crisis and the means to prevent future crises. This book addresses the latter and stresses a major shift in most countries toward a better understanding of financial stability and how it can be achieved. In particular, the papers in this volume examine the recent change in emphasis at central banks with regard to financial stability. For example: What were the cross-country differences in emphasis on financial stability in the past? Did these differences appear to affect the extent of the adverse impact of the financial crisis on individual countries? What are perceived to be the major future threats to financial stability? These and related issues are discussed in the book by well-known experts in the field — some of the best minds in the world pursuing financial stability. Following the global financial crisis, significant reforms have been initiated in many countries to address financial stability more directly, frequently focusing on macroprudential policy frameworks in which central banks play a more active role. Contents: Special Addresses: The (Changing) Role of Central Banks in Financial Stability Policies (Peter Praet) The Role of Central Banks in Financial Stability: How Has It Changed? (Willem H Buiter) Pursuing Financial Stability at the Federal Reserve (Janet L Yellen) The Role of Central Banks in Financial Stability: Historical Review and Critique: Financial Stability: Lessons Learned from the Recent Crisis and Implications for the Federal Reserve (Nellie Liang) Role of Central Banks in Financial Stability: Lessons from the Experience of the Bank of Japan (Takeo Hoshi) Overcoming the Fear of Free Falling: Monetary Policy Graduation in Emerging Markets (Carlos A Vegh and Guillermo Vuletin) Can We Identify the Financial Cycle? (Mathias Drehmann, Claudio Borio and Kostas Tsatsaronis) Central Banks and Asset Price Bubbles: Low Interest Rates and Housing Bubbles: Still No Smoking Gun (Kenneth N Kuttner) Classic FIT and Lean FIT: Is Inflation-Targeting Guilty of Causing the Financial Instability of 2007–2009? (Takatoshi Ito) Current, Past, and Potential Future Threats to Financial Stability: Undergraduate/graduate students, researchers, and academics in international finance and banking; financial regulators, financiers, and bankers.
