Corpus ID: 166702347

The role of central banks in crisis management – how do financial crisis simulation exercises help?

@inproceedings{Snta2007TheRO,
  title={The role of central banks in crisis management – how do financial crisis simulation exercises help?},
  author={L. S{\'a}nta},
  year={2007}
}
The fundamental task and responsibility of central banks is to maintain and promote the stability of the financial system. In order to achieve this, central banks strive to prevent crises using all the instruments at their disposal. If a crisis occurs, central banks play a significant role in efficient crisis management and the crisis resolution process. In spite of the crisis prevention activity of the authorities – including central banks – crisis events can not be avoided. The crises… Expand
1 Citations
Crisis management and the banking system in Montenegro
General deregulations of financial markets and improper risk management have seriously shaken banking systems worldwide during the global financial crisis. The key challenge in the upcoming period isExpand

References

“ Crisis exercises make for crisis readiness ”
  • 2003