{"product_id":"9789814449939","title":"Role Of Central Banks In Financial Stability, The: How Has It Changed?: How Has It Changed?","description":"\u003cp\u003eThe two most topical issues in current financial markets deal with the causes of the recent financial crisis and the means to prevent future crises.  This book addresses the latter and stresses a major shift in most countries toward a better understanding of financial stability and how it can be achieved. In particular, the papers in this volume examine the recent change in emphasis at central banks with regard to financial stability. For example: What were the cross-country differences in emphasis on financial stability in the past? Did these differences appear to affect the extent of the adverse impact of the financial crisis on individual countries? What are perceived to be the major future threats to financial stability? These and related issues are discussed in the book by well-known experts in the field — some of the best minds in the world pursuing financial stability. Following the global financial crisis, significant reforms have been initiated in many countries to address financial stability more directly, frequently focusing on macroprudential policy frameworks in which central banks play a more active role.\u003c\/p\u003e\u003cb\u003eContents:\u003c\/b\u003e\u003cul\u003e\n\u003cli\u003e\n\u003cb\u003e\u003ci\u003eSpecial Addresses:\u003c\/i\u003e\u003c\/b\u003e\u003cul\u003e\n\u003cli\u003eThe (Changing) Role of Central Banks in Financial Stability Policies \u003ci\u003e(Peter Praet)\u003c\/i\u003e\n\u003c\/li\u003e\n\u003cli\u003eThe Role of Central Banks in Financial Stability: How Has It Changed? \u003ci\u003e(Willem H Buiter)\u003c\/i\u003e\n\u003c\/li\u003e\n\u003cli\u003ePursuing Financial Stability at the Federal Reserve \u003ci\u003e(Janet L Yellen)\u003c\/i\u003e\n\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/li\u003e\n\u003cli\u003e\n\u003cb\u003e\u003ci\u003eThe Role of Central Banks in Financial Stability: Historical Review and Critique:\u003c\/i\u003e\u003c\/b\u003e\u003cul\u003e\n\u003cli\u003eFinancial Stability: Lessons Learned from the Recent Crisis and Implications for the Federal Reserve \u003ci\u003e(Nellie Liang)\u003c\/i\u003e\n\u003c\/li\u003e\n\u003cli\u003eRole of Central Banks in Financial Stability: Lessons from the Experience of the Bank of Japan \u003ci\u003e(Takeo Hoshi)\u003c\/i\u003e\n\u003c\/li\u003e\n\u003cli\u003eOvercoming the Fear of Free Falling: Monetary Policy Graduation in Emerging Markets \u003ci\u003e(Carlos A Vegh and Guillermo Vuletin)\u003c\/i\u003e\n\u003c\/li\u003e\n\u003cli\u003eCan We Identify the Financial Cycle? \u003ci\u003e(Mathias Drehmann, Claudio Borio and Kostas Tsatsaronis)\u003c\/i\u003e\n\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/li\u003e\n\u003cli\u003e\n\u003cb\u003e\u003ci\u003eCentral Banks and Asset Price Bubbles:\u003c\/i\u003e\u003c\/b\u003e\u003cul\u003e\n\u003cli\u003eLow Interest Rates and Housing Bubbles: Still No Smoking Gun \u003ci\u003e(Kenneth N Kuttner)\u003c\/i\u003e\n\u003c\/li\u003e\n\u003cli\u003eClassic FIT and Lean FIT: Is Inflation-Targeting Guilty of Causing the Financial Instability of 2007–2009? \u003ci\u003e(Takatoshi Ito)\u003c\/i\u003e\n\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/li\u003e\n\u003cli\u003e\n\u003cb\u003e\u003ci\u003eCurrent, Past, and Potential Future Threats to Financial Stability:\u003c\/i\u003e\u003c\/b\u003e\u003cul\u003e\n\u003cli\u003eBank Capital Regulations: Learning the Right Lessons from the Crisis \u003ci\u003e(Asli Demirgüç-Kunt)\u003c\/i\u003e\n\u003c\/li\u003e\n\u003cli\u003eInternational Monetary Reform: Exchange Rates or Interest Rates? \u003ci\u003e(Ronald McKinnon)\u003c\/i\u003e\n\u003c\/li\u003e\n\u003cli\u003eThreats to Financial Stability in Emerging Markets: The New and Very Active Role of Central Banks \u003ci\u003e(Liliana Rojas-Suarez)\u003c\/i\u003e\n\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/li\u003e\n\u003cli\u003e\n\u003cb\u003e\u003ci\u003eThe Social Productivity of the Financial Sector:\u003c\/i\u003e\u003c\/b\u003e\u003cul\u003e\n\u003cli\u003eIn Defense of Wall Street: The Social Productivity of the Financial System \u003ci\u003e(Ross Levine)\u003c\/i\u003e\n\u003c\/li\u003e\n\u003cli\u003eOutput Growth Variability: The Role of Financial Markets \u003ci\u003e(Alexander Popov)\u003c\/i\u003e\n\u003c\/li\u003e\n\u003cli\u003eOccupying the Wrong Street? The Social Productivity of the Financial Sector: Some Comments \u003ci\u003e(Gerard Caprio, Jr.)\u003c\/i\u003e\n\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/li\u003e\n\u003cli\u003e\n\u003cb\u003e\u003ci\u003eOpen Issues in the Regulatory Debate: Failure Resolutions, Bailouts, Moral Hazard, and Market Discipline:\u003c\/i\u003e\u003c\/b\u003e\u003cul\u003e\n\u003cli\u003eBankers and Brokers First: Loose Ends in the Theory of Central Bank Policymaking \u003ci\u003e(Edward J Kane)\u003c\/i\u003e\n\u003c\/li\u003e\n\u003cli\u003eThe Elusive Scale Economies of the Largest Banks and Their Implications for Global Competitiveness \u003ci\u003e(Joseph P Hughes)\u003c\/i\u003e\n\u003c\/li\u003e\n\u003cli\u003eThe \u003ci\u003eEx Ante\u003c\/i\u003e versus \u003ci\u003eEx Post\u003c\/i\u003e Effect of Public Guarantees \u003ci\u003e(Evren Damar, Reint Gropp and Adi Mordel)\u003c\/i\u003e\n\u003c\/li\u003e\n\u003cli\u003eReal and Imaginary Resolution Options for Large Financial Institutions \u003ci\u003e(David A Skeel, Jr.)\u003c\/i\u003e\n\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/li\u003e\n\u003cli\u003e\n\u003cb\u003e\u003ci\u003ePolicy Panel: Where to from Here?:\u003c\/i\u003e\u003c\/b\u003e\u003cul\u003e\n\u003cli\u003eIs Our Economy's Financial Sector Worth What It Costs Us? \u003ci\u003e(Benjamin M Friedman)\u003c\/i\u003e\n\u003c\/li\u003e\n\u003cli\u003eThe Eurozone Crisis: Causes, Remedy, and Misperceptions \u003ci\u003e(Richard C Koo)\u003c\/i\u003e\n\u003c\/li\u003e\n\u003cli\u003eMacroprudential and Monetary Policies \u003ci\u003e(Frederic S Mishkin)\u003c\/i\u003e\n\u003c\/li\u003e\n\u003cli\u003eThe Eurozone Crisis \u003ci\u003e(Richard Portes)\u003c\/i\u003e\n\u003c\/li\u003e\n\u003cli\u003eThe Way Forward — Central Banks with Financial Stability Mandates: The Case of the Eurosystem \u003ci\u003e(Anne Sibert)\u003c\/i\u003e\n\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/li\u003e\n\u003c\/ul\u003e\u003cbr\u003e\u003cb\u003eReadership:\u003c\/b\u003e Undergraduate\/graduate students, researchers, and academics in international finance and banking; financial regulators, financiers, and bankers.\u003cbr\u003e","brand":"World Scientific Publishing Company, Incorporated","offers":[{"title":"Default Title","offer_id":47143949926640,"sku":"9789814449939","price":61.0,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0737\/7593\/9824\/files\/9789814449939_p0.jpg?v=1763690973","url":"https:\/\/shop-qa.barnesandnoble.com\/products\/9789814449939","provider":"Barnes \u0026 Noble (DEV)","version":"1.0","type":"link"}