The interaction of monetary and financial tasks in different central bank structures

Aerdt Houben, Jan Kakes and Annelie Petersen

Chapter 7 in Central Banks and Supervisory Architecture in Europe, 2022, pp 71-82 from Edward Elgar Publishing

Abstract: This article describes how the institutional set-up of monetary and financial tasks differs across Europe. It discusses how these policies interact and pros and cons of central bank involvement. A prominent central bank role improves operational synergies, oversight and policy coordination but may also involve conflicts of interests, concentration of power and reputation risk. Finally, this article presents some preliminary thoughts on the policy response to the COVID pandemic in 2020.

Keywords: Economics and Finance (search for similar items in EconPapers)
Date: 2022
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Working Paper: The interaction of monetary and financial tasks in different central bank structures (2020)
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