The Other Goal of Central Banks
DOI:
https://doi.org/10.11565/oe.vi42.242Keywords:
Central bank, inflation, financial bubbleAbstract
With the global crisis of 2009 and this year's disaster in the euro area, central banks are coming to see that avoiding inflation is no longer enough: regulation is needed to prevent financial bubbles. Until the financial crash —which began in 2007 with subprime mortgages in the United States and deepened in 2008 with the collapse and bailout of several financial institutions (Bear Stearns, Lehman Brothers, AIG, etc.)— the role of financial intermediaries in the analysis of economic policy was of secondary importance. Continue reading...
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Published
2010-06-01
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Copyright (c) 2010 OBSERVATORIO ECONÓMICO
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How to Cite
The Other Goal of Central Banks. (2010). Observatorio Económico, 42, 3. https://doi.org/10.11565/oe.vi42.242
