The Role of Central Banks in Financial Stability

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Special Addresses: The (Changing) Role of Central Banks in Financial Stability Policies (Peter Praet) The Role of Central Banks in Financial Stability: How Has It Changed? (Willem H Buiter) Pursuing Financial Stability at the Federal Reserve (Janet L Yellen) The Role of Central Banks in Financial Stability: Historical Review and Critique: Financial Stability: Lessons Learned from the Recent Crisis and Implications for the Federal Reserve (Nellie Liang) Role of Central Banks in Financial Stability: Lessons from the Experience of the Bank of Japan (Takeo Hoshi) Overcoming the Fear of Free Falling: Monetary Policy Graduation in Emerging Markets (Carlos A Vegh and Guillermo Vuletin) Can We Identify the Financial Cycle? (Mathias Drehmann, Claudio Borio and Kostas Tsatsaronis) Central Banks and Asset Price Bubbles: Low Interest Rates and Housing Bubbles: Still No Smoking Gun (Kenneth N Kuttner) Classic FIT and Lean FIT: Is Inflation-Targeting Guilty of Causing the Financial Instability of 2007 - 2009? (Takatoshi Ito) Current, Past, and Potential Future Threats to Financial Stability: Bank Capital Regulations: Learning the Right Lessons from the Crisis (Asli Demirguc-Kunt) International Monetary Reform: Exchange Rates or Interest Rates? (Ronald McKinnon) Threats to Financial Stability in Emerging Markets: The New and Very Active Role of Central Banks (Liliana Rojas-Suarez) The Social Productivity of the Financial Sector: In Defense of Wall Street: The Social Productivity of the Financial System (Ross Levine) Output Growth Variability: The Role of Financial Markets (Alexander Popov) Occupying the Wrong Street? The Social Productivity of the Financial Sector: Some Comments (Gerard Caprio, Jr.) Open Issues in the Regulatory Debate: Failure Resolutions, Bailouts, Moral Hazard, and Market Discipline: Bankers and Brokers First: Loose Ends in the Theory of Central Bank Policymaking (Edward J Kane) The Elusive Scale Economies of the Largest Banks and Their Implications for Global Competitiveness (Joseph P Hughes) The Ex Ante versus Ex Post Effect of Public Guarantees (Evren Damar, Reint Gropp and Adi Mordel) Real and Imaginary Resolution Options for Large Financial Institutions (David A Skeel, Jr.) Policy Panel: Where to from Here?: Is Our Economy's Financial Sector Worth What It Costs Us? (Benjamin M Friedman) The Eurozone Crisis: Causes, Remedy, and Misperceptions (Richard C Koo) Macroprudential and Monetary Policies (Frederic S Mishkin) The Eurozone Crisis (Richard Portes) The Way Forward - Central Banks with Financial Stability Mandates: The Case of the Eurosystem (Anne Sibert).