The global financial crisis of 2008-09 patently demonstrated that ensuring price stability by central banks does not guarantee the achievement of financial stability and is not a sufficient condition for it. It also showed how destructive the result of accumulating imbalances in the financial sector can be.
Abstract
The global financial crisis of 2008-09 patently demonstrated that ensuring price stability by central banks does not guarantee the achievement of financial stability and is not a sufficient [...]
Assessment of the Influence of the Macroprudential Policy of the Central Bank of the Russian Federation on Economic Development 