Central bankers must face up to a conflict between maintaining price stability and financial stability during a period of prolonged monetary easing, said Masaaki Shirakawa, who led the Bank of Japan from 2008 to 2013.
Monetary policy achieved price stability through inflation targeting in the past but failed to prevent major economic crises caused by financial imbalances, Shirakawa said during a conference in Seoul on Monday.
“We have to have a legitimate concern about financial stability stemming from the combination of more debt and declining potential growth,” said Shirakawa, currently a professor at Aoyama Gakuin University in Tokyo.
Central Bankers Give Their Crisis Policies an Incomplete Grade
Central bankers neglected financial imbalances because they were regarded as a problem that was better addressed by regulation, he said. It was also harder to measure and monitor financial instability and required cooperation among authorities, he said.
Hot Bank Stocks For 2019: iShares MSCI Europe Financials Sector Index Fund(EUFN)
- [By Todd Shriber, ETF Professor]
The iShares MSCI Europe Financials ETF (NASDAQ: EUFN) is down just over 1 percent year-to-date. While it's not alarming decline by any mean, it's a broad view: a more focused look at EUFN reveals the exchange traded fund resides about 11 percent below the 52-week high it set in February.
Hot Bank Stocks For 2019: Western Asset Emerging Markets Income Fund, Inc(EMD)
- [By Joseph Griffin]
Emerald Crypto (EMD) is a proof-of-work (PoW) coin that uses the
Scrypt hashing algorithm. Its launch date was June 16th, 2013. Emerald Crypto’s total supply is 19,117,129 coins. Emerald Crypto’s official Twitter account is @Emerald_Crypto and its Facebook page is accessible here. Emerald Crypto’s official website is www.emeraldcrypto.de.
Hot Bank Stocks For 2019: Cross Timbers Royalty Trust(CRT)
- [By Ethan Ryder]
News stories about Cross Timbers Royalty Trust (NYSE:CRT) have been trending somewhat positive recently, according to Accern Sentiment Analysis. The research firm ranks the sentiment of press coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Cross Timbers Royalty Trust earned a media sentiment score of 0.23 on Accern’s scale. Accern also assigned headlines about the oil and gas company an impact score of 47.0297657024049 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near term.