Risque systémique et politique macroprudentielle: une nouvelle responsabilité des banques centrales

Michel Aglietta

Revue d'économie financière, 2011, vol. N° 101, issue 1, 193-204

Abstract: Both the EU and the USA have set up Systemic Risk Councils in order to prevent and avoid major troubles and the potential collapse of the financial system. Macroprudential policies are to be implemented by the central banks which are the very institutions able to cope with the task of stabilizing the financial system. What is needed is to implement a widened monetary policy in order to smoothen the financial cycle and to provide the conditions of the liquidity of the market. New accounting rules based on the marked-to-funding principles will help to secure this liquidity. Classification JEL: E6, G28, M41.

JEL-codes: E6 G28 M41 (search for similar items in EconPapers)
Date: 2011
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Citations: View citations in EconPapers (4)

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