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Policy Interactions and Conflicts

  • Luca Amorello
Chapter

Abstract

Amorello explores interactions and conflicts between macroprudential and monetary policies, providing an impact assessment of the current calibrations of powers and competences, as well as evidences of the economic interactions between financial and monetary stability. The risk of conflicting policy stances between macroprudential supervision and monetary intervention under particular scenarios is also recognized, paying attention to the risk of negative spillovers that may potentially arise in the EU financial environment. Amorello also scrutinizes the institutional models that may permit the alignment of the two policies, noting how the EU legal and institutional settings may offer a fruitful stimulus for reflection upon the critical issues at stake.

Keywords

Monetary policy Financial stability Monetary interventions EU financial environment EU institutions 

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Copyright information

© The Author(s) 2018

Authors and Affiliations

  • Luca Amorello
    • 1
  1. 1.Cleary Gottlieb Steen & Hamilton LLPLondonUK

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