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Role Of Central Banks In Financial Stability, The: How Has It Changed? (Hardcover)
Loot Price: R4,342
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Role Of Central Banks In Financial Stability, The: How Has It Changed? (Hardcover)
Series: World Scientific Studies in International Economics, 30
Expected to ship within 10 - 15 working days
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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.
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