Perspectives for CESEE Countries
Edited by Ewald Nowotny, Doris Ritzberger-Grünwald and Helene Schuberth
Chapter 13: What can monetary policy achieve, and what is the relation between monetary policy and financial stability?
In this chapter, I will discuss two questions. First, what can – and cannot – monetary policy achieve? Second, what is the relation between monetary policy and financial stability, and how can, if necessary, monetary policy and financial stability policy be coordinated?
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