Central Banking for Financial Stability: Some Lessons from the Recent Instability in the United States and Euro Area
dc.contributor.author | Larry D. Wall | |
dc.date.accessioned | 2015-01-24T13:12:17Z | |
dc.date.available | 2015-01-24T13:12:17Z | |
dc.date.issued | 2012-08-31 | |
dc.identifier.uri | http://hdl.handle.net/11540/1141 | |
dc.description.abstract | Central banks have had an important role in maintaining financial stability through their lender of last resort role. As lender of last resort, the central bank is given enormous power which is normally tempered by a variety of limits. In the most recent crises in both the United States and euro area, the Federal Reserve and European Central Bank (ECB) have come under enormous pressure to take lender of last resort actions that exceed these normal bounds. This paper reviews the experience of these two central banks and draws some implications for future policy. | |
dc.language | English | |
dc.publisher | Asian Development Bank Institute | |
dc.rights | CC BY-NC-ND 3.0 IGO | |
dc.rights.uri | http://creativecommons.org/licenses/by-nc-nd/3.0/igo/ | |
dc.title | Central Banking for Financial Stability: Some Lessons from the Recent Instability in the United States and Euro Area | |
dc.type | Working Papers | |
dc.subject.expert | Development | |
dc.subject.expert | Finance | |
dc.subject.expert | Development Challenges | |
dc.subject.expert | Development Issues | |
dc.subject.expert | Development Problems | |
dc.subject.expert | Microenterprises Finance | |
dc.subject.expert | Commercial Finance Companies | |
dc.subject.expert | Enterprise Financing | |
dc.subject.expert | Financial Analysis | |
dc.subject.expert | Banking Finance And Investment | |
dc.subject.adb | ADB | |
dc.subject.adb | Project finance | |
dc.subject.adb | Development plans | |
dc.subject.adb | Strategic planning | |
dc.subject.adb | Business Financing | |
dc.subject.adb | Investment Requirements | |
dc.subject.adb | Insurance Companies | |
dc.subject.adb | International Monetary Relations | |
dc.subject.adb | International Financial Market | |
dc.subject.adb | Exchange Rate | |
dc.subject.natural | Insurers | |
dc.subject.natural | Insurance stocks | |
dc.subject.natural | Insurance holding companies | |
dc.subject.natural | Insurance carriers | |
dc.subject.natural | Insurance agencies | |
dc.subject.natural | Business subsidies | |
dc.subject.natural | Investment companies | |
dc.subject.natural | International banks and banking | |
dc.subject.natural | Stock exchanges | |
dc.title.series | ADBI Working Paper Series | |
dc.title.volume | No. 379 | |
dc.contributor.imprint | Asian Development Bank Institute | |
oar.theme | Development | |
oar.theme | Finance | |
oar.adminregion | Asia and the Pacific Region | |
oar.country | Bangladesh | |
oar.country | Bhutan | |
oar.country | India | |
oar.country | Maldives | |
oar.country | Nepal | |
oar.country | Sri Lanka | |
oar.country | Brunei Darussalam | |
oar.country | Cambodia | |
oar.country | Indonesia | |
oar.country | Lao People's Democratic Republic | |
oar.country | Malaysia | |
oar.country | Myanmar | |
oar.country | Philippines | |
oar.country | Singapore | |
oar.country | Thailand | |
oar.country | Viet Nam | |
oar.country | Cook Islands | |
oar.country | Fiji | |
oar.country | Kiribati | |
oar.country | Marshall Islands | |
oar.country | Micronesia, Federated States of | |
oar.country | Nauru | |
oar.country | Palau | |
oar.country | Papua New Guinea | |
oar.country | Samoa | |
oar.country | Solomon Islands | |
oar.country | Timor-Leste | |
oar.country | Tonga | |
oar.country | Tuvalu | |
oar.country | Vanuatu | |
oar.country | Afghanistan | |
oar.country | Armenia | |
oar.country | Azerbaijan | |
oar.country | Georgia | |
oar.country | Kazakhstan | |
oar.country | Kyrgyz Republic | |
oar.country | Pakistan | |
oar.country | Tajikistan | |
oar.country | Turkmenistan | |
oar.country | Uzbekistan | |
oar.country | China, People’s Republic of | |
oar.country | Hong Kong, China | |
oar.country | China, People’s Republic of | |
oar.country | Republic of Korea | |
oar.country | Mongolia | |
oar.country | Taipei,China | |
oar.dep.source | ADBI | |
oar.identifier | OAR-002302 | |
oar.author | Wall, Larry D. | |
oar.import | true | |
oar.googlescholar.linkpresent | true |
Files in this item
This item appears in the following Collection(s)
-
ADBI Working Papers
The Asian Development Bank Institute (ADBI) Working Paper series is a continuation of the formerly named Discussion Paper series which began in January 2003. The numbering of the papers continued without interruption or change. ADBI was established in 1997 in Tokyo, Japan, to help build capacity, skills, and knowledge related to poverty reduction and other areas that support long-term growth and competitiveness in developing economies in Asia and the Pacific.