Financial Stability in a Changing Environment by Kuniho Sawamoto, Zenta Nakajima, Hiroo Taguchi pdf epub fb2

In this book prominent academics, central bankers and economists from international institutions explore the framework for securing financial stability in a changing environment. The papers focus in particular on the following crucial issues for central banks and regulatory institutions around the world: (i) recent changes in the financial system worldwide - with particular emphasis on financial innovation, deregulation and internationalization; (ii) the rationale for an optimal design of prudential policy; and (iii) the relationship between the two ultimate goals of central banks - price stability and financial stability.