Interaction between monetary policy and bank regulation: Lessons for the ECB

Bericht

The European Central Bank (ECB) recently became engaged in macro-prudential policies and the micro-prudential supervision of the largest Euro area banks. These new tasks should help complete financial integration, and make the Euro area more resilient to financial instability risks. However, the multiplicity of mandates and instruments involves a risk of their inconsistency which could compromise the ECB's core price-stability mandate as well as its independence. The experience of central banks during the recent global financial crisis confirms that such risks are not purely hypothetical.

Object Details

• ISBN: 978-83-7178-635-8
• Language: Englisch

References and Relationships

• Bibliographic citation: Series: CASE Network Studies & Analyses ; No. 480

Classification and Topics

• Classification: Wirtschaft ; Money Supply; Credit; Money Multipliers ; Monetary Policy ; Central Banks and Their Policies ; Financial Crises ; General Financial Markets: Government Policy and Regulation ; Financial Institutions and Services: Government Policy and Regulation
• Subject: monetary policy ; macro-prudential policy ; banking regulation ; banking supervision ; money multiplier ; money velocity ; financial stability ; European Central Bank

Contributors, Places and Time

• Event: Geistige Schöpfung
• (who): Dąbrowski, Marek
• Event: Veröffentlichung
• (who): Center for Social and Economic Research (CASE)
• (where): Warsaw
• (when): 2016

Further information

• Handle: http://hdl.handle.net/10419/179702
• Last update: 10.03.2025, 11:44 AM CET