Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/179702
Authors: 
Dąbrowski, Marek
Year of Publication: 
2016
Series/Report no.: 
CASE Network Studies & Analyses No. 480
Abstract: 
The European Central Bank (ECB) recently became engaged in macro-prudential policies and the micro-prudential supervision of the largest Euro area banks. These new tasks should help complete financial integration, and make the Euro area more resilient to financial instability risks. However, the multiplicity of mandates and instruments involves a risk of their inconsistency which could compromise the ECB's core price-stability mandate as well as its independence. The experience of central banks during the recent global financial crisis confirms that such risks are not purely hypothetical.
Subjects: 
monetary policy
macro-prudential policy
banking regulation
banking supervision
money multiplier
money velocity
financial stability
European Central Bank
JEL: 
E51
E52
E58
G01
G18
G28
ISBN: 
978-83-7178-635-8
Document Type: 
Research Report

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