Zentralbanken und Aufsichtsarchitektur in Europa: Lehren aus Krisen der
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49Luís Silva MoraisPART II THE ROLE OF CENTRAL BANKS(I): ASPECTS OF MONETARY ANDMACROPRUDENTIAL POLICY INTERACTION6 Can macroprudential tools ensure financial stability?. Providing a rare insight into the role that central banks play in the supervisory set-up, their accountability and democratic legitimacy, the book also considers the ways that macro- and micro-prudential and monetary policies interact.
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