Central Bank Emergency Support to Securities Markets /

This paper considers the central bank mandate with respect to financial stability and identifies the links to the functioning of securities markets. It argues that while emergency support to securities markets is an important part of the crisis management response, a high bar should be set for its u...

תיאור מלא

מידע ביבליוגרפי
מחבר ראשי: King, Darryl
מחברים אחרים: Brandao Marques, Luis, Eckhold, Kelly, Lindner, Peter
פורמט: כתב-עת
שפה:English
יצא לאור: Washington, D.C. : International Monetary Fund, 2017.
סדרה:IMF Working Papers; Working Paper ; No. 2017/152
גישה מקוונת:Full text available on IMF
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100 1 |a King, Darryl. 
245 1 0 |a Central Bank Emergency Support to Securities Markets /  |c Darryl King, Luis Brandao Marques, Kelly Eckhold, Peter Lindner. 
264 1 |a Washington, D.C. :  |b International Monetary Fund,  |c 2017. 
300 |a 1 online resource (50 pages) 
490 1 |a IMF Working Papers 
500 |a <strong>Off-Campus Access:</strong> No User ID or Password Required 
500 |a <strong>On-Campus Access:</strong> No User ID or Password Required 
506 |a Electronic access restricted to authorized BRAC University faculty, staff and students 
520 3 |a This paper considers the central bank mandate with respect to financial stability and identifies the links to the functioning of securities markets. It argues that while emergency support to securities markets is an important part of the crisis management response, a high bar should be set for its use. Importantly, it should be used only as part of a comprehensive policy package. The paper considers what types of securities markets may be important for financial stability, what market conditions could trigger emergency support measures, and how programs can be designed to restore market functioning while minimizing moral hazard. 
538 |a Mode of access: Internet 
700 1 |a Brandao Marques, Luis. 
700 1 |a Eckhold, Kelly. 
700 1 |a Lindner, Peter. 
830 0 |a IMF Working Papers; Working Paper ;  |v No. 2017/152 
856 4 0 |z Full text available on IMF  |u https://elibrary.imf.org/openurl?genre=journal&issn=1018-5941&volume=2017&issue=152  |z IMF e-Library