Macroeconomic Concerns of Central Bankers
The theme of risk management which the Ecole des HEC selected for its banking symposium in 1988 had been envisaged in the first few months of 1987. The stock-exchange crisis which erupted on 19 October of the same year unfortunately confirmed the pertinence of this choice. Managing banking and financial risks was very topical even if, one year after the crisis, euphoria had succeeded the great fright of Black Monday.
KeywordsMonetary Policy Financial Market Central Bank Share Price Spot Market
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- 1.The Basle Committee on Banking Regulations and Supervisory Practices, International Convergence of Capital Measurement and Capital Standards, Bank for International Settlements (BIS), Basle-Switzerland, July 1988, 32pp. — typescript; the Basle Committee’s agreement is also referred to as the BIS agreement (Tables 5.10 and 5.11).Google Scholar