文章基本信息

标题：The commpliance of price stability, financial stability and financial efficiency
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作者：Herbei, Marius ; Dumiter, Florin
期刊名称：Finante - provocarile viitorului (Finance - Challenges of the Future)
印刷版ISSN：1583-3712
出版年度：2009
卷号：1
期号：10
页码：78-85
出版社：University of Craiova, Faculty of Economics and Business Administration
摘要：The current financial crisis has prompted significant debate around the proper management of monetary policy and its role in preventing financial crises, particularly when they grow to the size of the one we are now seeing in developed economies. That’s why we think that it is very important to look upon the role that central banks play in both price stability and financial stability. It is interesting to note that financial stability has been overlooked for so long, or has been the secondary goal of the of central banks. Some people even though that the only objective of central banks was price stability. However, at their origin, these institutions were created precisely to deal with the financial instability caused by frequent bank runs in the late 19th and early 20th century. Furthermore, the concern of price stability was even institutionalized later on around the world, with the inflation targeting regime being the latest stage of its development.
关键词：price stability; financial efficiency; the management of monetary policy; central banks policies