Central Bank Response to the 2007-08 Financial Market Turbulence : Experiences and Lessons Drawn

Experiences and Lessons Drawn

Central Bank Response to the 2007-08 Financial Market Turbulence : Experiences and Lessons Drawn
The paper reviews the policy response of major central banks during the 2007-08 financial market turbulence and suggests that there is scope for convergence among central bank operational frameworks through the adoption of those elements that proved most instrumental in calming markets. These include (i) rapid liquidity provision to a broad... READ MORE...

Publication date: September 2008
ISBN 9781451870688
$18.00

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