Based on the crisis experience, the book offers an overview of lessons for macrofinancial analysis and financial stability. It illustrates the interlinkages between the financial side and the real side of the economy and highlights the role of balance sheet variables and sectoral balance sheet positions in the evolution of the financial crisis.
Author Biography:
VÃtor Constâncio, European Central Bank, Germany
John Duca, Federal Reserve Bank of Dallas and Southern Methodist University, USA
John Muellbauer, Nuffield College and Oxford Martin School, UK
Richard Barwell, Royal Bank of Scotland, UK
Oliver Burrows, Bank of England, UK
Shuji Kobayakawa, Bank of Japan, Japan
Ryoichi Okuma, Bank of Japan, Japan
Janez Fabijan, Bank of Slovenia, Slovenia
Philippe de Rougemont, European Central Bank, Germany
Carlos Cuerpo, European Commission, Belgium
Alexandr Hobza, European Commission, Belgium
Christophe Van Nieuwenhuyze, National Bank of Belgium, Belgium
Nuno Silva, Banco de Portugal, Portugal
Nuno Ribeiro, Banco de Portugal, Portugal
António Antunes, Banco de Portugal, Portugal
Virgilijus Rutkauskas, Bank of Lithuania, Lithuania
Michael Andreasch, Oesterreichische Nationalbank, Austria