Kohn compares UK and US macro-prudential experience
Former Fed vice-chair calls for 'major role' for central bank
Deposit rate deregulation is necessary for financial stability and essential to promote efficient allocation of resources, but the process of deregulation can also threaten stability, Donald Kohn, the former vice-chair of the Federal Reserve and an external member on the Bank of England's Financial Policy Committee, said in a speech in Beijing yesterday.
Discussing macro-prudential lessons for China by comparing the regulatory regimes of the US and the UK, Kohn also stressed the importance of
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe
You are currently unable to print this content. Please contact info@centralbanking.com to find out more.
You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.
If you would like to purchase additional rights please email info@centralbanking.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@centralbanking.com