Monetary policy and financial stability: transmission mechanisms and policy implications: an overview
Financial stability understood as a situation when the financial system smoothly performs its function of allocating capital and adverse shocks are unlikely to be amplified has been for long a key concern for policymakers and in particular for monetary authorities. However until 10 years ago most ce...
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Banco Central de Chile
2019
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oai-20.500.12580-38642021-04-24T11:14:04Z Monetary policy and financial stability: transmission mechanisms and policy implications: an overview Aguirre R., Álvaro Brunnermeier, Markus Konrad Saravia, Diego POLÍTICA MONETARIA ESTABILIDAD ECONÓMICA BANCOS CENTRALES Financial stability understood as a situation when the financial system smoothly performs its function of allocating capital and adverse shocks are unlikely to be amplified has been for long a key concern for policymakers and in particular for monetary authorities. However until 10 years ago most central banks did not try to pursue the financial stability goal by using their main instrument the shortterm interest rate. Instead they tried to do this through regulation and supervision of individual financial institutions a process that was in most cases conducted by additional regulatory authorities. 2019-11-01T00:08:31Z 2019-11-01T00:08:31Z 2019 Artículo 978-956-7421-60-2 https://hdl.handle.net/20.500.12580/3864 eng Series on Central Banking Analysis and Economic Policies no. 26 Attribution-NonCommercial-NoDerivs 3.0 Chile http://creativecommons.org/licenses/by-nc-nd/3.0/cl/ .pdf Sección o Parte de un Documento p. 01-11 application/pdf Banco Central de Chile |
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Banco Central |
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Banco Central |
language |
eng |
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POLÍTICA MONETARIA ESTABILIDAD ECONÓMICA BANCOS CENTRALES |
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POLÍTICA MONETARIA ESTABILIDAD ECONÓMICA BANCOS CENTRALES Aguirre R., Álvaro Brunnermeier, Markus Konrad Saravia, Diego Monetary policy and financial stability: transmission mechanisms and policy implications: an overview |
description |
Financial stability understood as a situation when the financial system smoothly performs its function of allocating capital and adverse shocks are unlikely to be amplified has been for long a key concern for policymakers and in particular for monetary authorities. However until 10 years ago most central banks did not try to pursue the financial stability goal by using their main instrument the shortterm interest rate. Instead they tried to do this through regulation and supervision of individual financial institutions a process that was in most cases conducted by additional regulatory authorities. |
format |
Artículo |
author |
Aguirre R., Álvaro Brunnermeier, Markus Konrad Saravia, Diego |
author_facet |
Aguirre R., Álvaro Brunnermeier, Markus Konrad Saravia, Diego |
author_sort |
Aguirre R., Álvaro |
title |
Monetary policy and financial stability: transmission mechanisms and policy implications: an overview |
title_short |
Monetary policy and financial stability: transmission mechanisms and policy implications: an overview |
title_full |
Monetary policy and financial stability: transmission mechanisms and policy implications: an overview |
title_fullStr |
Monetary policy and financial stability: transmission mechanisms and policy implications: an overview |
title_full_unstemmed |
Monetary policy and financial stability: transmission mechanisms and policy implications: an overview |
title_sort |
monetary policy and financial stability: transmission mechanisms and policy implications: an overview |
publisher |
Banco Central de Chile |
publishDate |
2019 |
url |
https://hdl.handle.net/20.500.12580/3864 |
work_keys_str_mv |
AT aguirreralvaro monetarypolicyandfinancialstabilitytransmissionmechanismsandpolicyimplicationsanoverview AT brunnermeiermarkuskonrad monetarypolicyandfinancialstabilitytransmissionmechanismsandpolicyimplicationsanoverview AT saraviadiego monetarypolicyandfinancialstabilitytransmissionmechanismsandpolicyimplicationsanoverview |
_version_ |
1718346559179980800 |