Macro-prudential policy and the conduct of monetary policy

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dc.contributor.authorBeau, Denis
dc.contributor.authorCahn, Christophe
dc.contributor.authorClerc, Laurent
dc.contributor.authorMojon, Benoit
dc.date.accessioned2019-11-01T00:06:09Z
dc.date.available2019-11-01T00:06:09Z
dc.date.issued2014
dc.descriptionThe 'Great Contraction' in global economic activity triggered by the financial crisis and the extraordinary fiscal and monetary measures that public authorities had to undertake in order to put the economy back on track by putting public finances under heavy strains and leading to extremely low short-term interest rates have shown the enormous costs resulting from an unstable financial system. Such costs have triggered wide-ranging reviews of financialstability policies. An important outcome of such a review is the strengthening of policies and instruments focused on macro-financial stability the so-called 'macro-prudential policies.'
dc.file.nameBCCh-sbc-v19-p273_314
dc.format.pdf
dc.format.extentSección o Parte de un Documento
dc.format.mediump. 273-314
dc.identifier.isbn978-956-7421-45-9
dc.identifier.urihttps://hdl.handle.net/20.500.12580/3808
dc.language.isoeng
dc.publisherBanco Central de Chile
dc.relation.ispartofSeries on Central Banking Analysis and Economic Policies no. 19
dc.rightsAttribution-NonCommercial-NoDerivs 3.0 Chile*
dc.rights.urihttp://creativecommons.org/licenses/by-nc-nd/3.0/cl/*
dc.subjectPOLÍTICA MONETARIAes_ES
dc.subjectCRISIS FINANCIERAes_ES
dc.subjectTASAS DE INTERÉSes_ES
dc.titleMacro-prudential policy and the conduct of monetary policy
dc.type.docArtículo

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