Why financial stability is a necessary prerequisite for an effective monetary policy

Abstract: Remarks at the Andrew Crockett Memorial Lecture, Bank for International Settlements 2013 Annual General Meeting, Basel, Switzerland.

Keywords: Financial stability; Monetary policy; Banks and banking, Central; Federal funds rate; Interest rates; Credit; Demand for money; Financial leverage; Bank capital; Bank of Japan; Taylor's rule;

Access Documents


Bibliographic Information

Provider: Federal Reserve Bank of New York

Part of Series: Speech

Publication Date: 2013

Number: 108