Central Banking Lessons from the Crisis

Publication Date:

May 27, 2010

Electronic Access:

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Summary:

The crisis brought the financial system to the verge of systemic collapse and raised the prospect of depression and deflation. Central banks helped defuse these threats, including through exceptional measures. Considerable efforts are now under way to draw policy lessons from the crisis. For central banks, the crisis seems to provide three important lessons for policy frameworks—mainly concerning systemic financial stability.

Series:

Policy Papers

Subject:

English

Publication Date:

May 27, 2010

Price:

Free

Format:

Paper

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