Monetary Policy and Financial (In)Stability
This paper presents how monetary policy, restricted only by price stability, may easily become propitious to asset inflation and – eventually – to a financial crisis. This risk is particularly high when the financial system lacks proper regulation and effective supervision. Hasty liberalization, neg...
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| Format: | Article |
| Language: | English |
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University of Finance and Management, Warsaw; Vistula University
2010-06-01
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| Series: | Contemporary Economics |
| Online Access: | http://ce.vizja.pl/en/download-pdf/id/153 |