Defining finacial stability and establishing a framework to safeguard it

The ongoing global financial crisis has been a rude awakening that the current framework for safeguarding financial stability is neither reliable nor effective. The threats to global economic stability caused by the dysfunction of credit and money markets and the weakening of the global banking syst...

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Autor principal:	Schinasi, Garry J.
Formato:	Artículo
Lenguaje:	eng
Publicado:	Banco Central de Chile 2019
Materias:	MERCADO FINANCIERO CRISIS FINANCIERA DESARROLLO ECONÓMICO
Acceso en línea:	https://hdl.handle.net/20.500.12580/3758
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spelling	oai-20.500.12580-37582021-04-24T11:03:35Z Defining finacial stability and establishing a framework to safeguard it Schinasi, Garry J. MERCADO FINANCIERO CRISIS FINANCIERA DESARROLLO ECONÓMICO The ongoing global financial crisis has been a rude awakening that the current framework for safeguarding financial stability is neither reliable nor effective. The threats to global economic stability caused by the dysfunction of credit and money markets and the weakening of the global banking system also make clear that safeguarding the stability of the financial system is as important a policy objective as maintaining monetary stability if economic growth and stability are to be achieved and sustained. Despite the global financial industry’s importance measured in terms of value added to global production and employment, global finance is not an end in and of itself. It is, instead, a means to enhancing and facilitating the efficiency of economic processes such as resource allocation, risk allocation and pricing, wealth accumulation, and ultimately economic growth and prosperity. 2019-11-01T00:04:52Z 2019-11-01T00:04:52Z 2010 Artículo 978-956-7421-34-3 https://hdl.handle.net/20.500.12580/3758 eng Series on Central Banking, Analysis, and Economic Policies, no. 15 Attribution-NonCommercial-NoDerivs 3.0 Chile http://creativecommons.org/licenses/by-nc-nd/3.0/cl/ .pdf Sección o Parte de un Documento p. 29-62 application/pdf Banco Central de Chile
institution	Banco Central
collection	Banco Central
language	eng
topic	MERCADO FINANCIERO CRISIS FINANCIERA DESARROLLO ECONÓMICO
spellingShingle	MERCADO FINANCIERO CRISIS FINANCIERA DESARROLLO ECONÓMICO Schinasi, Garry J. Defining finacial stability and establishing a framework to safeguard it
description	The ongoing global financial crisis has been a rude awakening that the current framework for safeguarding financial stability is neither reliable nor effective. The threats to global economic stability caused by the dysfunction of credit and money markets and the weakening of the global banking system also make clear that safeguarding the stability of the financial system is as important a policy objective as maintaining monetary stability if economic growth and stability are to be achieved and sustained. Despite the global financial industry’s importance measured in terms of value added to global production and employment, global finance is not an end in and of itself. It is, instead, a means to enhancing and facilitating the efficiency of economic processes such as resource allocation, risk allocation and pricing, wealth accumulation, and ultimately economic growth and prosperity.
format	Artículo
author	Schinasi, Garry J.
author_facet	Schinasi, Garry J.
author_sort	Schinasi, Garry J.
title	Defining finacial stability and establishing a framework to safeguard it
title_short	Defining finacial stability and establishing a framework to safeguard it
title_full	Defining finacial stability and establishing a framework to safeguard it
title_fullStr	Defining finacial stability and establishing a framework to safeguard it
title_full_unstemmed	Defining finacial stability and establishing a framework to safeguard it
title_sort	defining finacial stability and establishing a framework to safeguard it
publisher	Banco Central de Chile
publishDate	2019
url	https://hdl.handle.net/20.500.12580/3758
work_keys_str_mv	AT schinasigarryj definingfinacialstabilityandestablishingaframeworktosafeguardit
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Defining finacial stability and establishing a framework to safeguard it

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