Central Banking, Asset Prices and Financial Fragility

Discover the insights of Éric Tymoigne in his thought-provoking book, Central Banking, Asset Prices and Financial Fragility. Published by Taylor & Francis Ltd in 2010, this paperback edition spans 340 pages and dives deep into the critical role of central banks in maintaining financial stability. Tymoigne presents a compelling argument that financial stability should be the primary objective of central banks, offering an innovative alternative to traditional inflation targeting frameworks. Through detailed analysis, he illustrates how interest-rate policy can effectively address the challenges faced by central bankers in today's complex financial landscape. This book is essential for anyone interested in banking, finance, and monetary policy, providing valuable perspectives for both scholars and practitioners alike.