Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/157651
Authors: 
Wachtel, Paul
Year of Publication: 
2013
Citation: 
[Journal:] Budgetary Research Review (BRR) [ISSN:] 2067-1784 [Volume:] 5 [Year:] 2013 [Issue:] 1 [Pages:] 40-53
Abstract: 
The 20th century consensus regarding the role of a central bank - to maintain price stability was upset by the global financial crisis of 2007-2009. Central banks changed their mode of behavior and new regulatory structures were introduced around the world. In this essay, I examine one of the principle new approaches to regulation - regulating macro prudential risk. I explain what it means and assess the approaches that have been suggested.
Document Type: 
Article
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