<abstract xmlns="http://www.w3.org/1999/xhtml"><p> The aim of this paper is to identify and assess, on a comparative, intra-country basis, the existing practices and developments in central bank accountability for financial stability, from a new-macroprudential policy-perspective. The paper aims to contribute to the ongoing debate on institutional arrangements for macroprudential policy. The debate as to whether the combination of monetary policy and financial supervision within one institution is not new. Nevertheless it is far from being resolved. The paper points to the need to establish clear, formal and robust mechanisms of central bank involvement in the process of executing macroprudential policy, at least as a data collection and analyzing institution.</p></abstract>

The aim of this paper is to identify and assess, on a comparative, intra-country basis, the existing practices and developments in central bank accountability for financial stability, from a new-macroprudential policy-perspective. The paper aims to contribute to the ongoing debate on institutional arrangements for macroprudential policy. The debate as to whether the combination of monetary policy and financial supervision within one institution is not new. Nevertheless it is far from being resolved. The paper points to the need to establish clear, formal and robust mechanisms of central bank involvement in the process of executing macroprudential policy, at least as a data collection and analyzing institution.

On the growing accountability of central banks for financial stability–the macroprudential perspective

Economics and Business Review

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 License.

The aim of this paper is to identify and assess, on a comparative, intra-country basis, the existing practices and developments in central bank accountability...

On the growing accountability of central banks for financial stability–the macroprudential perspective

Published Online: Nov 22, 2018

Page range: 30 - 45

Received: Mar 06, 2018

Accepted: Sep 24, 2018

DOI: https://doi.org/10.18559/ebr.2018.4.2

Keywords
accountability, central bank, financial stability, macroprudential policy, regulations

© 2018 Anna Matysek-Jędrych, published by Sciendo

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 License.

On the growing accountability of central banks for financial stability–the macroprudential perspective

Published Online: Nov 22, 2018

Page range: 30 - 45

Received: Mar 06, 2018

Accepted: Sep 24, 2018

DOI: https://doi.org/10.18559/ebr.2018.4.2

Keywordsaccountability, central bank, financial stability, macroprudential policy, regulations

© 2018 Anna Matysek-Jędrych, published by Sciendo

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 License.

Keywords
accountability, central bank, financial stability, macroprudential policy, regulations