Publication
12 Dec 2012
This policy brief deals with the separation of the supervisory and monetary policy arms of the European Central Bank. It argues that a strict separation, or "Chinese walls", between supervision and monetary policy are not desirable, especially during a financial crisis when the systemic stability of the financial system represents the biggest threat to a monetary policy aiming at price stability.
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English (PDF, 10 pages, 965 KB) |
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Author | Thorsten Beck, Daniel Gros |
Series | CEPS Policy Briefs |
Issue | 286 |
Publisher | Centre for European Policy Studies (CEPS) |
Copyright | © 2012 Centre for European Policy Studies (CEPS) |