This paper aims to emphasize some implications of the financial globalisation – the most recent, dynamic and alive form of the globalising process – on the relationship between price stability and financial stability and to what extent the central banks include these two important objectives...

This study is focused upon the involvement of the central banks regarding the fulfillment of the two main objectives: price stability and financial stability. These two key concepts are part of an old and ongoing debate that the current turmoil has revived, and that is whether monetary policy...