Monetary policy and macro-prudential measures can make a ‘vicious circle'

The trend for central banks to take on responsibility for macro-prudential policies to ensure financial stability, coupled with national governments increasingly looking to central banks to help create the conditions for economic recovery, can cause a feedback loop, which could create conditions for a future financial crisis, according to a former deputy director-general of the Bank of Japan.

Writing for the August 2013 edition of Central Banking journal, Tsuyoshi Oyama, now a partner at Deloitt

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: