lunedì 12 agosto 2013
"It's the end of targeting just inflation for central banks. But, how will it work if they also target financial stability? As the Bank of England has set up a new Financial Policy Committee (FPC) to manage financial stability alongside its existing Monetary Policy Committee (MPC), it is in some ways further ahead than other central banks in adopting what is termed "macroprudential policy" alongside "inflation targeting." It's termed macroprudential policy or macroprudential regulation because the central bank is to ensure that commercial banks operate in a prudential manner and regulate systemic or macro risks."
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