Asset price bubbles implications on and approaches to, monetary policy and financial stability

Asset price bubbles implications on and approaches to, monetary policy and financial stability

Under an inflation-targeting regime, the central bank's primary responsibility is attaining price stability. With the large fluctuations in asset prices, being closely linked to financial and macroeconomic instability, monetary authorities have recognized the harsh effects of asset price bubble...

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Bibliographic Details
Published in:The Philippine Review of Economics Vol. XLII, No. 1 (June 2005), p. [89]-109.
Main Authors: Vital, Olivia A. (Author), Laquindanum, Lucia C. (Author)
Format: Analytics
Language:English
Published: 2005.
Subjects:
Monetary policy > Philippines.
Inflation (Finance) > Philippines.
Financial crises > Effect of monetary policy on.
Online Access:https://forms.gle/KZjBv7aRtY6jiL5E9