Financial Stability

Dimitris N. Chorafas

Chapter 2 in Financial Cycles, 2015, pp 25-42 from Palgrave Macmillan

Abstract: Abstract Financial stability is a condition in which the system of intermediaries, markets, and market infrastructures is capable of withstanding shocks, as well as major imbalances, without falling apart. Financial stability reduces the probability of disruptions in the process of intermediation, particularly the likelihood of disruptions severe enough to impair capital allocation, play havoc with investments or, even worse, lead to a panic.

Keywords: Monetary Policy; Central Bank; European Central Bank; Financial Stability; Financial Cycle (search for similar items in EconPapers)
Date: 2015
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-137-49798-7_2

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DOI: 10.1057/9781137497987_2

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