Monetary policy and financial stability: transmission mechanisms and policy implications: an overview

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dc.contributor.authorAguirre R., Álvaro
dc.contributor.authorBrunnermeier, Markus Konrad
dc.contributor.authorSaravia, Diego
dc.date.accessioned2019-11-01T00:08:31Z
dc.date.available2019-11-01T00:08:31Z
dc.date.issued2019
dc.descriptionFinancial 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.
dc.file.nameBCCh-sbc-v26-p001_011
dc.format.pdf
dc.format.extentSección o Parte de un Documento
dc.format.mediump. 01-11
dc.identifier.isbn978-956-7421-60-2
dc.identifier.urihttps://hdl.handle.net/20.500.12580/3864
dc.language.isoeng
dc.publisherBanco Central de Chile
dc.relation.ispartofSeries on Central Banking Analysis and Economic Policies no. 26
dc.rightsAttribution-NonCommercial-NoDerivs 3.0 Chile*
dc.rights.urihttp://creativecommons.org/licenses/by-nc-nd/3.0/cl/*
dc.subjectPOLÍTICA MONETARIAes_ES
dc.subjectESTABILIDAD ECONÓMICAes_ES
dc.subjectBANCOS CENTRALESes_ES
dc.titleMonetary policy and financial stability: transmission mechanisms and policy implications: an overview
dc.type.docArtículo

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