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Monetary policy and financial stability: empirical evidence from Central and Eastern European countries
2013
Baltic Journal of Economics
The international financial and economic crisis highlights that central banks should go beyond their traditional emphasis on low inflation to adopt an explicit goal of financial stability. Our paper addresses this highly topical issue of macro-prudential framework with the focus on effectiveness of monetary policy in affecting some financial stability indicators, in the experience of several Central and Eastern European countries during 2003M01-2012M06. Using a Structural Vector Autoregressive
doi:10.1080/1406099x.2013.10840527
fatcat:whmntnuktvcblovoneb2p5x2pq