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Zusammenfassung

The introductory quotes in combination with the below figure illustrate the relevance of financial stability policy in economic policy making in the 21st century very pointedly: Financial instability in the form of crisis is a very rare ‘black swan’-type of event, but when it occurs it has a devastating effect on financial systems and economies at large. Because of this very rare and usually delayed occurrence of crises, financial stability policy also is subject to a very own political economy dynamic.

Keywords

Political Economy Monetary Policy Financial System Systemic Risk Financial Stability 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

Copyright information

© Springer Fachmedien Wiesbaden 2014

Authors and Affiliations

  • Gundbert Scherf
    • 1
  1. 1.Freie Universität BerlinBerlinGermany

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