| Article ID | Journal | Published Year | Pages | File Type |
|---|---|---|---|---|
| 999213 | Journal of Financial Stability | 2008 | 5 Pages |
Abstract
In this paper, I shall briefly discuss five issues: (1) the ‘collective action’ problem, whereby bankers have an incentive to herd together; (2) the provision of central bank liquidity insurance; notably the time consistency and stigma concerns; (3) clarifying the objectives of central bank operations; (4) whether to ‘lean against the wind’ of credit cycles; (5) the macro-economic backdrop and preconditions for financial-system stabilisation.
Related Topics
Social Sciences and Humanities
Economics, Econometrics and Finance
Economics, Econometrics and Finance (General)
Authors
Paul Tucker,