As a recent IMF survey (December 2010) pointed out, although financial stability is a formal mandate in most of the countries, the definition of financial stability is informal in almost 80 per cent of the respondents. If financial stability is to be made an explicit objective for central banks, the search for an operational definition and measurment of financial stability come to the forefront.
Panetta, F. (2022), “A digital euro that serves the needs of the public: striking the right balance”, introductory statement at the Committee on Economic and Monetary Affairs of the European  Parliament, 30 March. 16. Panetta, F. (2021), “Evolution or revolution?