Monetary and financial stability can be separated if the main concern is liquidity rather than solvency, says Executive Board member @Isabel_Schnabel.
A well-regulated financial sector enables central banks to focus on their price stability mandate https://www.ecb.europa.eu/press/key/date/2023/html/ecb.sp230519~de2f790b1c.en.html
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Slides by @Isabel_Schnabel: Monetary and financial stability – can they be separated? https://www.ecb.europa.eu/press/key/date/2023/html/ecb.sp20230519_annex~abdfdcad07.en.pdf
