To be sure, limiting a panic mitigates the erosion of asset prices and hence capital, but central banks are not the appropriate authorities to supply capital directly; if government capital is necessary to promote financial stability, then that is a fiscal function. This division of responsibilities presented challenges in the crisis.
Product and asset prices, interest rates,  BIS Review 56/1999  2  debt by maturity, and detailed accounts of central banks and private enterprises are among the signals so essential to the effective functioning of a global economy.