The Optimal Monetary Instrument for Prudential Purposes.
The purpose of this paper is to assess the choice between adopting a monetary base or an interest rate setting instrument to maintain financial stability. Our results suggest that the interest rate instrument is preferable, since during times of a panic or financial crisis the Central Bank automatic...
| Huvudupphovsmän: | , , |
|---|---|
| Materialtyp: | Working paper |
| Språk: | English |
| Publicerad: |
Oxford Finance
2008
|