Abstract

http://ssrn.com/abstract=1797469
 


 



Financial Instability, Monetary Policy and Regulation: A Primer


Donato Masciandaro


Bocconi University - Department of Economics

March 2011

Paolo Baffi Centre Research Paper No. 2011-86

Abstract:     
In our lectures we tried to shed light on the basic role of both monetary policy and financial regulation as drivers of the financial instability which characterized the years 2008-2009. We illustrated how a relatively limited default event – the subprime loan crisis in the United States – has domino effects on the overall world financial industry. In these notes we summarize our interpretation, presenting a very simple and teachable framework to address the macro relationship between default events, micro and macro drivers, regulatory amplification mechanisms and financial instability.

Number of Pages in PDF File: 5

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Date posted: March 30, 2011  

Suggested Citation

Masciandaro, Donato, Financial Instability, Monetary Policy and Regulation: A Primer (March 2011). Paolo Baffi Centre Research Paper No. 2011-86. Available at SSRN: http://ssrn.com/abstract=1797469 or http://dx.doi.org/10.2139/ssrn.1797469

Contact Information

Donato Masciandaro (Contact Author)
Bocconi University - Department of Economics ( email )
Via Gobbi 5
Milan, 20136
Italy
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