Safeguarding Financial Stability: Theory and Practice

"Safeguarding Financial Stability explicates why financial stability matters, what it means, and the challenges in securing it," according to Gerard Caprio, Jr. from the World Bank. "[It is] a thoughtful and thought-provoking volume that is a must read not just for central bankers but for all concerned with financial stability." "Safeguarding Financial Stability represents a brilliant attempt to provide solid and updated foundations to policies aiming at financial stability," according to Tommaso Padoa-Schioppa, Executive Board Member, 1998-2005, European Central Bank. "The book is based on a thorough acquaintance with the literature, understanding of the real world, analytical skill, sense of the policy issues, familiarity with the diversity of country situations, and good judgement. The book can be already considered as required reading for anyone interested in the subject of financial stability."