The two stabilities: Friends, good friends, or inseparable?

Forrest Capie (), Terence C. Mills and Geoffrey Wood
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Forrest Capie: Cass Business School
Terence C. Mills: University of Loughborough
Geoffrey Wood: Cass Business School

Journal of Banking Regulation, 2020, vol. 21, issue 1, No 2, 3-14

Abstract: Abstract Throughout his long and distinguished career, David Mayes was concerned with a wide range of subjects. This paper focuses on three of them: on monetary and financial history, on monetary stability, and on financial stability. We use the first of these to open up exploration of the second and third. A relationship is often asserted between monetary and financial stability, but how close and how durable is it? Is it one that holds through a long span of history, or is it contingent on a range of factors and therefore comes and goes? To address this, we use here data exclusively from Britain.

Keywords: Monetary policy; Financial stability; Central banking (search for similar items in EconPapers)
JEL-codes: E42 E52 E58 (search for similar items in EconPapers)
Date: 2020
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DOI: 10.1057/s41261-018-0089-9

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