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- W2185079471 abstract "The author reviews the process of the strengthening of the macro-prudential functions of central banks, placing it in the new monetary policy tendencies evolving after the 2007-2010 financial crisis. Central banks of advanced countries have been more active in redefining their roles than CBs in emerging and transition countries. In each country group, relations between the central bank and the other national monetary authority (e.g. ministry of finance) came under stress during crisis years. The author, based on his practical experiences, cautions against overburdening the central banks with functions, even if there are good reasons for defining the mandates of the central banks more broadly, particularly in European periphery countries and in emerging economies." @default.
- W2185079471 created "2016-06-24" @default.
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- W2185079471 date "2011-01-01" @default.
- W2185079471 modified "2023-09-26" @default.
- W2185079471 title "CENTRAL BANKS AND THE REGULATION OF THE FINANCIAL SYSTEM" @default.
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