Journal of Financial Stability Vol. 4 No. 4 2008
Panel comments
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.
- DOI
- 10.1016/j.jfs.2008.09.009
- Volume
- 4
- Issue
- 4
- Pages
- 359-363
- Language
- en
- Sources
- bibtex:phds-export.bib openalex crossref