Macro-prudential policies address root of stability problems, says SNB’s Danthine
Jean-Pierre Danthine, a member of the governing board at the Swiss National Bank, on January 24 said macro-prudential measures would be less costly to an economy than policies that attempt to lean against the wind.
At the University of Zurich in Switzerland, Danthine said the huge cost of the recent financial crisis had decreased the weight of objections to ‘leaning against the wind' policies. However, he said an unfavourable trade-off between financial stability and output growth exists when
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: subscriptions.centralbanking.com/subscribe
You are currently unable to print this content. Please contact info@centralbanking.com to find out more.
You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.
If you would like to purchase additional rights please email info@centralbanking.com test test test
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@centralbanking.com test test test
More on Financial Stability
Ireland publishes roadmap for streamlining regulation
Central bank governor insists it is not about lowering standards but improving framework’s quality
Supervision must be evidence-based, says ECB’s Buch
Hasty changes could risk loosening oversight and harm financial resilience, supervisory chief warns
Ueda says BoJ’s long-term rates have risen ‘somewhat rapidly’
Japan’s central bank will purchase government bonds if yields continue to rise, governor says
BoE stress test finds UK CCPs resilient to extreme shocks
Bank will skip next year’s exercise to develop internal capabilities and resume testing in 2027
Trump denies offering Orbán Argentina-style ‘financial shield’
US president says Hungarian PM ‘certainly asked for’ protection arrangement
Lesetja Kganyago on a 3% target and risks posed by rising debt in a fractured system
The Sarb governor speaks about a lower inflation target, the impact of high developed-world debt, the G20’s payments efforts and the fracturing of the multi-lateral system
BoE launches system-wide test on private markets
Second ever exploratory scenario to include major asset managers; results expected in early 2027
Bowman and Hill say stablecoin rules are on their way
FDIC acting chair says regulation to establish application framework should come this month