Dombret says role of central banks 'changed fundamentally' by crisis

dombret-andreas

Deutsche Bundesbank executive board member Andreas Dombret believes that during the course of the financial crisis, the role of central banks has "changed fundamentally".

Speaking at a conference in Berlin on April 25, he said: "Before the crisis, they [central banks] provided scarce liquidity; now, they increasingly serve as a regular source of funding for banks, and this threatens to replace or displace private investors."

Dombret added that this may lead to "new financial instability if, as a

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 [email protected] or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: