), Stability of the Financial System – Illusion or Feasible Concept?, Elgar Edwards Publishing. Aoke, K., and Nikolov, K., 2012, “Bubbles , Banks and Financial Stability”, ECB Working Paper, 1495, November. Banca d’Italia, 2014, Financial Stability Report, No.7, May. Bank of England, 2011, “Instruments of Macroprudential Policy”, Discussion Paper, December.
For example, the long awaited Government Securities Bill is at an advanced stage of processing. The Finance Minister, in his budget speech, announced the intention of the Government to bring about amendments to the RBI Act and the Banking Regulation Act and the amendments relating to statutory pre-emptions could have implications for fixed income markets.