Analysis of Financial Stability
AbstractOn the macro-economic policy side of Central Banking a remarkable consensus has been emerging over the last two decades. This covers both the applicable theoretical framework for analysing the transmission mechanism of monetary policy and also the appropriate institutional structure for the Central Bank to deploy its macro-economic policies. There is no such consensus on the appropriate theoretical framework for the analysis of financial stability. Indeed some would claim that there is no proper theoretical framework for this function in being at all. However, we propose one such framework based on the work of Goodhart, Sunirand and Tsomocos (2004, 2005, 2006a and b).
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Bibliographic InfoPaper provided by Financial Markets Group in its series FMG Special Papers with number sp173.
Date of creation: May 2007
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Web page: http://www.lse.ac.uk/fmg/
Other versions of this item:
- Dimitrios P Tsomocos & C.A.E. Goodhart, 2007. "Analysis of Financial Stability," Economics Series Working Papers 2007-FE-04, University of Oxford, Department of Economics.
- Dimitrios Tsomocos & C.A.E. Goodhart, 2007. "Analysis of Financial Stability," OFRC Working Papers Series 2007fe04, Oxford Financial Research Centre.
- NEP-ALL-2007-08-08 (All new papers)
- NEP-MAC-2007-08-08 (Macroeconomics)
- NEP-PKE-2007-08-08 (Post Keynesian Economics)
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- Domanski, Dietrich & Turner, Philip, 2011.
"The Great Liquidity Freeze: What Does It Mean for International Banking?,"
ADBI Working Papers
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- Dietrich Domanski & Philip Turner, 2011. "The Great Liquidity Freeze : What Does It Mean for International Banking?," Macroeconomics Working Papers 23245, East Asian Bureau of Economic Research.
- Dietrich Domanski & Philip Turner, 2011. "The Great Liquidity Freeze : What Does It Mean for International Banking?," Finance Working Papers 23245, East Asian Bureau of Economic Research.
- Marco Sorge, 2004. "Stress-testing financial systems: an overview of current methodologies," BIS Working Papers 165, Bank for International Settlements.
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