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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Autores principales: Aguirre R., Álvaro, Brunnermeier, Markus Konrad, Saravia, Diego
Formato: Artículo
Lenguaje:eng
Publicado: Banco Central de Chile 2019
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Acceso en línea:https://hdl.handle.net/20.500.12580/3864
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spelling 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
institution Banco Central
collection Banco Central
language eng
topic POLÍTICA MONETARIA
ESTABILIDAD ECONÓMICA
BANCOS CENTRALES
spellingShingle 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
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