Balling, Morten Jackson, Patricia Gnan, Ernest Danthine, Jean-Pierre Rochet, Jean-Charles Smaghi, Lorenzo Bini Moe, Thorvald Grung Pawlowska, Malgorzata Marzec, Jerzy Gimber, Andrew R. Cukierman, Alex Kane, Edward J. Ervin, D. Wilson Cecchetti, Stephen G.
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SUERF Studies 2013/3
On 5-6 September 2012 SUERF held its 30th Colloquium “States, Banks, and the Financing of the Economy” at the University of Zürich, Switzerland. The papers included in this SUERF Study are based on contributions to the Colloquium. All the papers in this publication discuss from different angles the complex interrelations between states and financial systems, which have developed in recent years with economic, financial and sovereign debt crises. The contributions look primarily on the monetary policy and financial regulation and supervision perspectives. In the preceding SUERF Study (2013/2), the focus of the contributions also delivered at the 30th SUERF Colloquium is on fiscal policy and sovereign debt perspectives.
financial crisis procyclicality counter cyclical balances financial cycle liquidity repo markets money banking monetary union unusual monetary policy Marriner Eccles Central Banking Monetary Policy Fiscal Policy trade credit substitution hypothesis credit rationing bank resolution bailouts Central bank independence shadow banking regulation supervision macroprudential regulation Central bank policymaking crisis management bail-outs supervision financial management Bail-in bank resolution bridge banks capital allocation Pigovian tax resource allocation