German experience offers macro-prudential lessons for Europe, says Buba's Dombret


The severity of the financial crisis – when financial markets effectively dried up and central banks had to provide the banking system with liquidity to redress the malfunctioning of the interbank market – was rooted mainly in misalignments within the financial system itself, according to Andreas Dombret, the executive responsible for financial stability at the Bundesbank.

Writing for the latest edition of Central Banking Journal, Dombret says a major lesson of that experience was the need to co

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 indvidual account here: