Redefining a Role for Central Banks: The Increased Importance of Central Banks’ Roles in the Management of Liquidity Risks and Macro Prudential Supervision in the Aftermath of the Financial Crisis

Redefining a Role for Central Banks: The Increased Importance of Central Banks’ Roles in the Management of Liquidity Risks and Macro Prudential Supervision in the Aftermath of the Financial Crisis

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Redefining a Role for Central Banks: The Increased Importance of Central Banks’ Roles in the Management of Liquidity Risks and Macro Prudential Supervision in the Aftermath of the Financial Crisis

Over the recent years, it has increasingly been acknowledged that macro prudential policies are not only considered to be “a missing ingredient from the current policy framework”, but that there has also been “too huge a gap between macro economic policy and the regulation of individual financial institutions.” The link between monetary policy and macro prudential policies, the knowledge of…

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