Monetary and Prudential Policies at a Crossroads? New Challenges in the New Century

By C. Borio. 2006

122 citations recorded by the source corpus.

Citations in the corpus

What Can (Macro-) Prudential Policy do to Support Monetary Policy? (2007, unknown): “…in Asia have been close to zero in inflation-adjusted terms for a prolonged period.5 All this has contributed to a global expansion in liquidity, as reflected in the rapid growth of global monetary and credit aggregates, whose ultimate effects are still quite uncertain (BIS (2004), Borio (2007)).”
DSGE Models and Central Banks (2009, unknown): “Nonetheless, the innapropriate responses by financial markets to changes in risk over time and the manner in which agents measure it can be another important source of procyclicality (see Borio 2006, Borio and www.economics-ejournal.org”
Global Imbalances and the Financial Crisis: Link or No Link? (2011, unknown): “In our view, it is more helpful to think of interest rates as related to clearing in financial markets and financing conditions, in which monetary factors play a key role, rather than to clearing in the goods market (eg Borio and Disyatat (2010)).”
Should Monetary Policy Lean Against the Wind? An Analysis Based on a DSGE Model with Banking (2013, unknown): “Finally, our study, focusing on the interaction between asset-price developments and monetary policy, underscores the importance of co-operation between the central bank and the macroprudential authorities (Borio, 2006; Angelini et al., 2011).”