Defining and achieving financial stability

By W. Allen, G. Wood. 2006

350 citations recorded by the source corpus.

Subfields: Finance

How researchers see this paper

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Towards an operational framework for financial stability : "fuzzy" measurement and its consequences (2009, neutral): “Some highlight the robustness of the financial system to external shocks (eg, Allen and Wood (2006), Padoa-Schioppa (2003)); others cover the possibility that the financial system may itself be a source of shocks (eg, Schinasi (2004)).”
Monetary policy and financial (in)stability: An integrated micro-macro approach (2008, neutral): “For starters, the definition of financial stability is surprisingly elusive (Poloz, 2006; Allen and Wood, 2006). Second, central banks’ policies to ensure financial stability vary considerably across countries, thus reflecting both the term’s ambiguity and related problems to measure stability (Oost”
Macroprudential Policy - A Literature Review (2012, positive): “Allen and Wood, 2006; Padoa-Schioppa, 2003). The second emphasizes the endogenous nature of financial distress and describes financial stability in terms of resilience to shocks originating within the financial system (e.g. Schinasi, 2004) or the vulnerability to financial distress in response to no”