The great recession : lessons for central bankers / edited by Jacob Braude, Zvi Eckstein, Stanley Fischer, and Karnit Flug.

Conference proceedings.

Includes bibliographical references and index.

Preface -- Introduction / Stanley Fischer -- Monetary policy in view of the crisis -- Monetary policy frameworks after the great financial crisis / Huw Pill and Frank Smets -- The role of monetary policy in Turkey during the global financial crisis / Harun Alp and Selim Elekda -- An assessment of Chile's monetary and fiscalpolicy responses to the global crisis / Claudio Soto -- Macroprudential and financial policies -- Central banks, macroprudential policy and the Spanish experience / Enrique Alberola, Carlos Trucharte, and Juan Luãs Vega -- Tax policies and financial stability : lessons from the crisis / Helene Schuberth -- Capital flows, capital controls, and exchange rate policies -- Managing capital inflows : old and new debates / Jonathan D. Ostry -- Capital inflows and policy responses : lessons from Korea's -- Experience / Kyuil Chung and Seungwon Kim -- Policy response to external shocks : lessons from the crisis / Carlos Capistar̃n, Gabriel Cuadra, and Manuel Ramos-Francia -- The crisis and its lessons : some case studies -- Lessons from the financial crisis : an Australian perspective / Jonathan Kearns -- Norway : central bank lessons from the world financial crisis : the approach to monetary policy and financial stability / Sigbjaern Atle Berg and Ayvind Eitrheim -- Israel and the global crisis : events, policy and lessons / Jacob Braude -- Prolonged dislocation and financial crises / Frank Browne and Robert Kelly -- Contributors -- Bibliographical references -- Index.

Here, experts assess the role of central banks in responding to the recent financial crisis and in preventing future crises. The contributors focus on monetary policy, the new area of macroprudential policy, and issues of exchange rates, capital flows, and banking and financial markets.

English