Lessons for rescuing a SIFI: The Banque de France’s 1889 ‘lifeboat’

Pierre-Cyrille Hautcoeur, Angelo Riva, Eugene N. White, 2 July 2014

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In the aftermath of the 2008 financial crisis, the Dodd-Frank Act of 2010 set out to limit the authority of the Federal Reserve to rescue insolvent financial institutions.

Topics: Economic history, Financial markets
Tags: bailout, bank runs, Banque de France, central banking, Central Banks, financial crises, lender of last resort, moral hazard, SIFIs

What future for central banking? Insights from the past

Stefano Ugolini, 11 December 2011

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For nearly three decades to 2007, the theory and practice of central banking have seen a remarkable convergence throughout the world. Yet the events of the recent years have marked a profound watershed.

Topics: Global crisis, Global governance, Monetary policy
Tags: central banking, monetary policy, money supply

Rethinking central banking

Barry Eichengreen, Eswar Prasad, Raghuram Rajan, 20 September 2011

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In the wake of the global financial crisis, there is an emerging consensus that the framework underpinning modern central banking – known as flexible inflation targeting – needs to be rethought.

Topics: Monetary policy
Tags: central banking, financial stability, flexible inflation targeting

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