University Links: Home Page | Site Map
Covenant University Repository

Central Banks and Different Policies Implemented in Response to the Recent Financial Crisis.

Ojo, Mariane.B. Central Banks and Different Policies Implemented in Response to the Recent Financial Crisis. Central Banks and Different Policies Implemented in Response to the Recent Financial Crisis.

[img] PDF
Download (236Kb)

Abstract

Rescue cases involving guarantees (contrasted with restructuring cases) during the recent Financial Crisis, have illustrated the prominent position which the goal of promoting financial stability has assumed over that of the prevention or limitation of possible distortions of competition which may arise when granting State aid. The recent Financial Crisis has also illustrated how the traditional role of central banks has been extended to incorporate more innovative roles. The reduction of interest rates by central banks to all time lows – along with other unprecedented actions which have been undertaken by central banks, as evidenced by the recent Financial Crisis, have been regarded as „extensions of traditional methods of operation which have resulted in a new territory in which tools have been implemented in very new ways.“ As well as providing an analysis of how the traditional role of central banks has evolved through the duration of the Financial Crisis, this paper attempts to highlight how far central banks and governments should intervene and how far distortions of competition should be permitted during periods of financial crises

Item Type: Article
Subjects: H Social Sciences > HG Finance
Divisions: Faculty of Law, Arts and Social Sciences > School of Social Sciences
Depositing User: Mr Solomon Bayoko
Date Deposited: 08 Nov 2013 19:18
Last Modified: 08 Nov 2013 19:18
URI: http://eprints.covenantuniversity.edu.ng/id/eprint/1852

Actions (login required)

View Item View Item