2016•Unpublished venueRequires access
The interaction between price stability and financial stability: consequences for the central bank
A.A.J. van de Laar
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Abstract
As a response to the financial crisis, central banks have been granted an increasingly important role in the maintenance of financial stability. This thesis investigates how the central bank’s initial objective of price stability interacts with the objective of financial stability. Subsequently, this research analyses the potential consequences of this interaction for the role the central bank, and monetary policy, should play in maintaining financial stability.