Central banking after the crisis
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Date
2014
Authors
Journal Title
Journal ISSN
Volume Title
Publisher
Banco Central de Chile
Abstract
Description
By the mid-2000s both academics and central banks had come to a remarkable consensus on what central banks’ basic strategy should be. However with the collapse of Lehman Brothers in September 2008 the world of central banking changed forever. The worldwide financial crisis revealed that some of the basic assumptions underlying the central bank consensus were no longer tenable requiring some major rethinking on what the role of the central bank should be.
Keywords
BANCOS CENTRALES, CRISIS FINANCIERA, CRISIS ECONÓMICA 2008