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The Linkage Between Monetary and Financial Stability: Some Policy Perspectives

In: Central Bank Policy Mix: Issues, Challenges, and Policy Responses

Author

Listed:
  • Solikin M. Juhro

    (Bank Indonesia)

Abstract

Since the onset of the GFCGlobal Financial Crisis (GFC), issues concerning financial stabilityFinancial stability have become as important as those on monetary stabilityMonetary stability. A key question regarding their nexus: are the two mutually supportive or do they work against each other in the sense of a trade-off? This chapter explores background issues on the linkages between monetary and financial stabilityFinancial stability from central bank policyCentral bank policy perspectives. It explores some technical aspects of implementation and implications, especially concerning the central bank’s mandate.

Suggested Citation

  • Solikin M. Juhro, 2022. "The Linkage Between Monetary and Financial Stability: Some Policy Perspectives," Springer Books, in: Perry Warjiyo & Solikin M. Juhro (ed.), Central Bank Policy Mix: Issues, Challenges, and Policy Responses, chapter 0, pages 109-132, Springer.
    • Handle: RePEc:spr:sprchp:978-981-16-6827-2_7
    DOI: 10.1007/978-981-16-6827-2_7
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    References listed on IDEAS

    as
    1. Lea Zicchino & Erlend Nier, 2008. "Bank Losses, Monetary Policy and Financial Stability—Evidence on the Interplay from Panel Data," IMF Working Papers 2008/232, International Monetary Fund.
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    Cited by:

    1. Juda Agung & Solikin M Juhro & Harmanta & Tarsidin, 2016. "Managing monetary and financial stability in a dynamic global environment: Bank Indonesia s policy perspectives," BIS Papers chapters, in: Bank for International Settlements (ed.), Expanding the boundaries of monetary policy in Asia and the Pacific, volume 88, pages 157-188, Bank for International Settlements.

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    More about this item

    Keywords

    Monetary stability; Financial stability; Macro-financial linkage; Policy mix;
    All these keywords.

    JEL classification:

    • E52 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Monetary Policy
    • E58 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Central Banks and Their Policies
    • E59 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Other
    • G00 - Financial Economics - - General - - - General
    • G38 - Financial Economics - - Corporate Finance and Governance - - - Government Policy and Regulation

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