Financial stability is a goal of most central banks. Based on a graph showing the evolution of

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Financial stability is a goal of most central banks. Based on a graph showing the evolution of the European Central Bank’s assets (FRED code: ECBASSETS), how important was this goal for the ECB
(a) Before 2007,
(b) During the crisis period of 2007-2009,
(c) When the euro-area crisis intensified in 2011-2012?

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Money Banking and Financial Markets

ISBN: 978-0078021749

4th edition

Authors: Stephen Cecchetti, Kermit Schoenholtz

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