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Tekijä:Zeng, Yongyi
Yao, Zhengchun
Otsikko:Analysis concerning the way selected by the central bank to maintain finance steady gamble (original in Chinese)
Lehti:Finance and Economics
2000 : 2, p.34-38
Asiasana:CENTRAL BANKS
FINANCIAL POLICY
FINANCIAL MANAGEMENT
FINANCIAL CONTROL
MONETARY POLICY
GAMES
Kieli:chn
Tiivistelmä:The two mechanisms, activity of the last borrower and punishment on quitting the market, are not substitutive, but complementary. Selecting this mixed strategy, the central bank does not give any commitment, but let the market guess. In so doing, it is favorable for implementation of monetary policy and financial steadiness, so as to improve the overall standard of social welfare.
SCIMA tietueen numero: 210190
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