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Financial Stability Policy – Recent Trends, Challenges And Perspectives

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  • TENEA ANDREI COSMIN

    (UNIVERSITY OF CRAIOVA)

Abstract

The present article pursues through its content, an analysis of the specialty lit erature and of the stage of scientific knowledge in the field of financial stability, in fact a conceptual investigation of the financial stability and a comparative synthesis between the monetary policy and the macroprudential policy. The main objective of the research is to refine the concept of financial stability to which we attach the revision of the specialty literature concerning the compatibility between the monetary policy and the macroprudential policy, also with respect to the compatibility of the two main goals of central banks. In order to achieve these goals, we applied to the scientific observation as a method, based on various techniques adapted to the contexts: direct, participant observation, reading ofdocuments. As a method of data proces sing and analysis, we used both quantitative and qualitative analysis. We could contribute to consolidate and update the stage of knowledge in respect of the financial stability in the academic literature through the capture and the qualitative and quantit ative research of certain concepts and developments that challenge the policies of central banks concerning the assurance of financial stability.

Suggested Citation

  • Tenea Andrei Cosmin, 2017. "Financial Stability Policy – Recent Trends, Challenges And Perspectives," Annals - Economy Series, Constantin Brancusi University, Faculty of Economics, vol. 1, pages 240-245, December.
    • Handle: RePEc:cbu:jrnlec:y:2017:v:1special:p:240-245
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    References listed on IDEAS

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    1. Claudio Borio, 2011. "Implementing the Macroprudential Approach to Financial Regulation and Supervision," Chapters, in: Christopher J. Green & Eric J. Pentecost & Tom Weyman-Jones (ed.), The Financial Crisis and the Regulation of Finance, chapter 7, Edward Elgar Publishing.
    2. Denis Beau & Christophe Cahn & Laurent Clerc & Benoît Mojon, 2014. "Macro-Prudential Policy and the Conduct of Monetary Policy," Central Banking, Analysis, and Economic Policies Book Series, in: Sofía Bauducco & Lawrence Christiano & Claudio Raddatz (ed.),Macroeconomic and Financial Stability: challenges for Monetary Policy, edition 1, volume 19, chapter 9, pages 273-314, Central Bank of Chile.
    3. Gabriele Galati & Richhild Moessner, 2013. "Macroprudential Policy – A Literature Review," Journal of Economic Surveys, Wiley Blackwell, vol. 27(5), pages 846-878, December.
    4. repec:cnb:ocpubc:fsr1011/1 is not listed on IDEAS
    5. Claudio Borio, 2011. "Rediscovering the Macroeconomic Roots of Financial Stability Policy: Journey, Challenges, and a Way Forward," Annual Review of Financial Economics, Annual Reviews, vol. 3(1), pages 87-117, December.
    6. Claudio Borio & William R. White, 2003. "Whither monetary and financial stability : the implications of evolving policy regimes," Proceedings - Economic Policy Symposium - Jackson Hole, Federal Reserve Bank of Kansas City, pages 131-211.
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