Chapter 25

Safeguarding Global Financial Stability, Overview

J.R. Barth*,, †,, , D.G. Mayes§ and M.W. Taylor

*Auburn University, Auburn, AL, USA

Milken Institute, Santa Monica, CA, USA

Wharton Financial Institutions Center, Philadelphia, PA, USA

§University of Auckland, Auckland, New Zealand

Bank of International Settlements


Financial Stability

Tommaso Padoa-Schioppa once remarked that a concern with financial stability was part of the ‘genetic code’ of central banks (Padoa-Schioppa, 2004). Similarly, Charles Goodhart’s monograph on the Evolution of Central Banks (Goodhart, 1988) emphasized ...

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