TY  - RPRT
A1  - Gerlach, Stefan
T1  - G20 and macroprudential policy
T2  - Policy Platform - Policy Letter
N2  - At the upcoming G20 meetings the issue what can be done to avoid a repetition of the current deep financial crisis will again be debated. Much attention and criticism will be directed to central banks. That is unavoidable: central banks must never again permit the development of financial imbalances that are large enough to lead to the collapse of major parts of the financial system when they unwind. In the future, policy makers must “lean against the wind” and tighten financial conditions if they perceive that imbalances are forming, even if there is little hard data to rely on. And they must be mindful that the costs of acting too late can dwarf those of acting too early.
Y1  - 2010
UR  - http://publikationen.ub.uni-frankfurt.de/frontdoor/index/index/docId/34333
UR  - https://nbn-resolving.org/urn:nbn:de:hebis:30:3-343333
UR  - http://safe-frankfurt.de/de/policy-center/publikationen/details/article/g20-and-macroprudential-policy.html
N1  - Published on 22 April 2010 at Bruegel | G20 Blog
EP  - 2
PB  - House of Finance
CY  - Frankfurt am Main
ER  -