CentralBankNet Monday Special Feature

By Neil Courtis,

Editor, The Financial Regulator

SPECIAL FEATURE - Worrying about asset price cycles is a popular pastime. Not surprising, when UK, French and German stock market indices are struggling to maintain half their peak levels. We won't even talk about Japan. But what, if anything, can be done about this kind of boom and bust? And what, asked the veteran central bank insider Baron Alexandre Lamfalussy in a recent lecture at Cass Business School in London, can central banks do?


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