The Role of Central Banks in Sustaining Economic Recovery and in Achieving Financial Stability

Reza Siregar and Vincent Lim

Journal of Advanced Studies in Finance, 2010, vol. 1, issue 1, 83-99

Abstract: Whenever a financial crisis occurs threatening a possible financial meltdown central banks have to be at the forefront in combating neutralizing the crisis and restoring financial stability and economic growth In this regard the present sub prime crisis which originated from the US highlights a few key issues for the SEACEN group of central banks This paper reviews the policy responses to the crisis which include exit policy strategies from stimulus monetary packages To strengthen the soundness of the financial system going forward the paper also highlights counter cyclical and macroprudential regulations that central banks need to actively look into

Date: 2010
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Book: The Role of Central Banks in Sustaining Economic Recovery and in Achieving Financial Stability (2010)
Working Paper: The Role of Central Banks in Sustaining Economic Recovery and in Achieving Financial Stability (2010)
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Persistent link: https://EconPapers.repec.org/RePEc:srs:jasf00:v:1:y:2010:i:1:p:83-99

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