The Theory and Practice of Financial Stability

A Crockett

Princeton Essays in International Economics from International Economics Section, Departement of Economics Princeton University,

Abstract: Monetary and financial stability are of central importance to the effective functioning of a market economy. They provide the basis for rational decisionmaking about the allocation of real resources through time and therefore improve the climate for saving and investment.

Keywords: MONETARY POLICY; DECISION MAKING (search for similar items in EconPapers)
JEL-codes: D7 E5 (search for similar items in EconPapers)
Pages: 52 pages
Date: 1997
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Citations: View citations in EconPapers (19)

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