Central Banking in the Light of the Crisis. Outline.

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Presentation transcript:

Central Banking in the Light of the Crisis

Outline

3 Modern Central Banking

4 Macroeconomic Stability

Monetary Policy Rules (I)

Monetary Policy Rules (II)

Definition of Financial Stability

How Should Central Banks Respond to Asset Price Bubbles?

How Should Monetary Policy Respond to Asset Price Bubbles?

How Should Other Policies Respond to Asset Price Bubbles?

Liquidity Management

Liquidity Risk

Liquidity Linkages

Liquidity linkages in Turbulent Times (I)

Liquidity linkages in Turbulent Times (II)

The Role of Central Banks (I)

The Role of Central Banks (II)

Limitations To Central Bank Liquidity Interventions

The Role of Supervision and Regulation

Challenges to Central Banking