 CENTRAL BANK POLICY DURING TIMES OF FINANCIAL INSTABILITY - EXPERIENCES OF SOME EUROSYSTEM’S CANDIDATESStudii Financiare (Financial Studies), 2015, vol. 19, issue 2, 17-29 Abstract: The global financial crisis, the most severe form of financial instability, split up the global economy in two different periods before and after the global financial crisis. In the same way, at the European level, this crisis made another “cleavage”: before and after the Lehman Brothers (LB) shock. One of the important pillars for managing the financial instability is the Central Bank, and the financial crisis occurrence has generated a variety of challenges, including those linked to the way in which these institutions have reacted. Based on the previous research made by the author related to the European economic integration and to the role of central banks regarding the managing of the financial instability, the present paper aimed at describing the Central Bank conduit of some of Euro Area candidate countries during times of financial instability marked after 2000’s. The research results will show if the measures implemented by central banks from the selected countries could or could not be designed under a similar framework of managing the financial instability in the emerging Europe. Keywords: macro-prudential tools; unconventional monetary policy tools; financial liberalization (search for similar items in EconPapers) Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:vls:finstu:v:19:y:2015:i:2:p:17-29 Access Statistics for this article More articles in Studii Financiare (Financial Studies) from Centre of Financial and Monetary Research "Victor Slavescu" Contact information at EDIRC. |
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