Consideration on the price stability – financial stability relationship in the context of financial globalization
This study is focused upon the involvement of the central banks regarding the fulfillment of the two main objectives: price stability and financial stability. These two key concepts are part of an old and ongoing debate that the current turmoil has revived, and that is whether monetary policy shoul...
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| Format: | Article |
| Language: | English |
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University of Bacău
2010-12-01
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| Series: | Studies and Scientific Researches: Economics Edition |
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| Online Access: | http://sceco.ub.ro/index.php/SCECO/article/view/27 |
| _version_ | 1819141876314275840 |
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| author | Marius Apostoaie |
| author_facet | Marius Apostoaie |
| author_sort | Marius Apostoaie |
| collection | DOAJ |
| description | This study is focused upon the involvement of the central banks regarding the fulfillment of the two main objectives: price stability and financial stability. These two key concepts are part of an old and ongoing debate that the current turmoil has revived, and that is whether monetary policy should aim, or not, at ensuring financial stability in parallel to its main objective of price stability. On both sides there are solid and well known arguments. In the beginning of the study I have considered a literature review with regard to price and financial stability issues. After that I have tried to shed some light (from a theoretical point of view) on the nature and dynamics of the fundamental interlinkages between the two aspects and there implications on the central banks and the economy. Finally I outline some general conclusions that have emerged in the present study. |
| first_indexed | 2024-12-22T12:01:25Z |
| format | Article |
| id | doaj.art-23d01e3998db4e33b3a4df8bc476b836 |
| institution | Directory Open Access Journal |
| issn | 2066-561X 2344-1321 |
| language | English |
| last_indexed | 2024-12-22T12:01:25Z |
| publishDate | 2010-12-01 |
| publisher | University of Bacău |
| record_format | Article |
| series | Studies and Scientific Researches: Economics Edition |
| spelling | doaj.art-23d01e3998db4e33b3a4df8bc476b8362022-12-21T18:26:35ZengUniversity of BacăuStudies and Scientific Researches: Economics Edition2066-561X2344-13212010-12-0101510.29358/sceco.v0i15.2727Consideration on the price stability – financial stability relationship in the context of financial globalizationMarius ApostoaieThis study is focused upon the involvement of the central banks regarding the fulfillment of the two main objectives: price stability and financial stability. These two key concepts are part of an old and ongoing debate that the current turmoil has revived, and that is whether monetary policy should aim, or not, at ensuring financial stability in parallel to its main objective of price stability. On both sides there are solid and well known arguments. In the beginning of the study I have considered a literature review with regard to price and financial stability issues. After that I have tried to shed some light (from a theoretical point of view) on the nature and dynamics of the fundamental interlinkages between the two aspects and there implications on the central banks and the economy. Finally I outline some general conclusions that have emerged in the present study.http://sceco.ub.ro/index.php/SCECO/article/view/27price stabilityfinancial stabilitycentral banksmonetary policyprimary objectivefinancial turmoilfinancial systemfinancial globalisation |
| spellingShingle | Marius Apostoaie Consideration on the price stability – financial stability relationship in the context of financial globalization Studies and Scientific Researches: Economics Edition price stability financial stability central banks monetary policy primary objective financial turmoil financial system financial globalisation |
| title | Consideration on the price stability – financial stability relationship in the context of financial globalization |
| title_full | Consideration on the price stability – financial stability relationship in the context of financial globalization |
| title_fullStr | Consideration on the price stability – financial stability relationship in the context of financial globalization |
| title_full_unstemmed | Consideration on the price stability – financial stability relationship in the context of financial globalization |
| title_short | Consideration on the price stability – financial stability relationship in the context of financial globalization |
| title_sort | consideration on the price stability financial stability relationship in the context of financial globalization |
| topic | price stability financial stability central banks monetary policy primary objective financial turmoil financial system financial globalisation |
| url | http://sceco.ub.ro/index.php/SCECO/article/view/27 |
| work_keys_str_mv | AT mariusapostoaie considerationonthepricestabilityfinancialstabilityrelationshipinthecontextoffinancialglobalization |