Real Time Economics : Bernanke: Fed to ‘Act as Necessary’ on Inflation

Posted on 2008-08-22 by Richard Careaga


A yet more ambitious approach to macroprudential regulation would involve an attempt by regulators to develop a more fully integrated overview of the entire financial system. In principle, such an approach would appear well justified, as our financial system has become less bank-centered and because activities or risk-taking not permitted to regulated institutions have a way of migrating to other financial firms or markets”

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