Format:
1 Online-Ressource (circa 51 Seiten)
,
Illustrationen
ISBN:
9781484305850
Series Statement:
IMF working paper WP/17, 152
Content:
This paper considers the central bank mandate with respect to financial stability and identifies the links to the functioning of securities markets. It argues that while emergency support to securities markets is an important part of the crisis management response, a high bar should be set for its use. Importantly, it should be used only as part of a comprehensive policy package. The paper considers what types of securities markets may be important for financial stability, what market conditions could trigger emergency support measures, and how programs can be designed to restore market functioning while minimizing moral hazard
Additional Edition:
Erscheint auch als Druck-Ausgabe King, Darryl Central Bank Emergency Support to Securities Markets Washington, D.C. : International Monetary Fund, 2017 ISBN 9781484305850
Language:
English
Keywords:
Arbeitspapier
;
Graue Literatur
DOI:
10.5089/9781484305850.001