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Financial stability and the role of central banks

Author(s): Gheorghe, C.A.

Journal: Bulletin of the Transilvania University of Braşov, Series VII : Social Sciences and Law
ISSN 2066-7701

Volume: 4;
Issue: 2;
Start page: 123;
Date: 2011;
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Keywords: financial stability | monetary stability | Central banks | the role of central banks.

The role of central banks in promoting monetary stability is wellknown. Modern central banking laws are usually explicit on makingmonetary stability the core objective of central banks. Also, other competing objectives are sometimes added to the central bank’s mandate, such as growth and full employment.
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