The Crisis And Central Bank Reaction

Silviu Cerna
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Silviu Cerna: West University of Timisoara, Faculty of Economics and Business Administration, member in the Board of the National Bank of Romania

Review of Economic and Business Studies, 2009, issue 3, 31-39

Abstract: The world economy is in the face of the strongest crisis of the last seventy years. This crisis is still ongoing, but authorities in many countries have already taken a series of measures to mitigate the effects. In this fight, the central banks are the first line. It is still too early to draw any lessons from the events taking place, but a reflection "sine ira et studio" over this experience is already possible. This paper aims to analyze this experience through the policies implemented by central banks to cope with the crisis.

Keywords: central bank; crisis; liquidity; regulation (search for similar items in EconPapers)
JEL-codes: E52 G01 (search for similar items in EconPapers)
Date: 2009
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Persistent link: https://EconPapers.repec.org/RePEc:aic:revebs:y:2009:i:3:cernas

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