Why financial stability is a necessary prerequisite for an effective monetary policy
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KeywordsFinancial stability ; Monetary policy ; Banks and banking; Central ; Federal funds rate ; Interest rates ; Credit ; Demand for money ; Financial leverage ; Bank capital ; Bank of Japan ; Taylor's rule;
NEP fieldsThis paper has been announced in the following NEP Reports:
- NEP-ALL-2013-11-09 (All new papers)
- NEP-CBA-2013-11-09 (Central Banking)
- NEP-MAC-2013-11-09 (Macroeconomics)
- NEP-MON-2013-11-09 (Monetary Economics)
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