Abstract
This chapter describes the emergence of a new role for central banks after the global financial crisis, focusing on the complex and dynamic interactions within the financial system as a whole. This field of so-called macroprudential policy has developed into a separate pillar for financial stability within central banks with its unique perspective and own instruments. It recognizes different dimensions and strategies to address systemic risks. As a relatively new responsibility, macroprudential expertise continues to evolve with several interesting, unanswered policy challenges toward the future.
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de Beaufort Wijnholds, O. (2020). Maintaining Financial Stability. In: The Money Masters. Palgrave Macmillan, Cham. https://doi.org/10.1007/978-3-030-40041-5_13
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DOI: https://doi.org/10.1007/978-3-030-40041-5_13
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