Policies, Strategies and Tools to Achieve Financial Stability of the European System of Financial Supervision Cover Image

Политики, стратегии и инструменти за постигане на финансова стабилност на Европейската система за финансов надзор
Policies, Strategies and Tools to Achieve Financial Stability of the European System of Financial Supervision

Author(s): Elena Dimitrova-Tsoneva
Subject(s): Politics / Political Sciences, Politics, Economy, Business Economy / Management, Economic policy, EU-Approach / EU-Accession / EU-Development, Socio-Economic Research
Published by: Университет за национално и световно стопанство (УНСС)
Keywords: monetary policy; macroprudential policy; integrated inflation targeting framework; policy instruments; financial stability
Summary/Abstract: In the new global economic conjuncture, conventional economic policies are insufficient to achieve financial and economic stability. There is a need to improve the existing policy framework by broadening it and jointly implementing a policy mix: capital flow management, monetary and fiscal policy, macroprudential and exchange rate policy, and structural adjustments. The essence of formulating the policy mix is the backbone of a future strategy to deal with global uncertainty, which with the advent of the new digital age and the complication of serious geopolitical cataclysms is intensifying.

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