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Financial Stability

Maximilian Fandl

Chapter 5 in Monetary and Financial Policy in the Euro Area, 2018, pp 125-147 from Springer

Abstract: Abstract Financial stability is a shared objective of the ECB, national central banks, national authorities, and other institutions in the euro area. This chapter explains the activities that are pursued to safeguard the stability of the financial system. The first section defines systemic risk and explores how it can be measured. The second section discusses the policy process and instruments available with a focus on macroprudential measures, financial safety nets, and crisis management. The third section puts the policy area in an international context.

Date: 2018
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sptchp:978-3-319-72643-4_5

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DOI: 10.1007/978-3-319-72643-4_5

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