Shin (2011), “Financial intermediaries and monetary economics”, in: B. M. Friedman and M. Woodford (eds. ), Handbook of Monetary Economics, Vol. 3A, Elsevier. 2  See Nier, E., J. Osinkski, L.I. Jacome and P. Madrid (2011), “Institutional models for macroprudential policy”, IMF Staff Discussion Note, SDN/11/18, November and also Eichengreen, B. et al.
(2011): “Rethinking central banking”, Committee on International Economic Policy and Reform, September. BIS central bankers’ speeches  1  resolution authorities) and to the variety of possible tools often assigned to several objectives. Central banks should undoubtedly assume important roles in macroprudential policies. Central banks bring in essential expertise in analysing financial systems from an aggregate perspective.