nmm 22 4500 ICPSR01191 MiAaI m f a u cr mn mmmmuuuu 130518s1999 miu f a eng d (MiAaI)ICPSR01191 MiAaI MiAaI Price Stability and Financial Stability [electronic resource] The Historical Record Michael D. Bordo , David C. Wheelock 1999-03-25 Ann Arbor, Mich. Inter-university Consortium for Political and Social Research [distributor] 1999 ICPSR 1191 Numeric Title from ICPSR DDI metadata of 2013-05-18. AVAILABLE. This study is freely available to the general public. Also available as downloadable files. Many countries mandate inflation control as the paramount objective for monetary policy. Critics argue, however, that such a narrow focus compromises monetary authorities' responsibility to preserve stability of the financial system and that a more limited focus on inflation control could increase financial instability. The authors examine the economic histories of the United States, the United Kingdom, and Canada, and determine that most episodes of severe financial instability occurred during disinflationary periods that followed sustained inflation. They conclude that the evidence appears to support the claims of those who argue that control of inflation could enhance, rather than detract from, the stability of a financial system. Cf.: http://dx.doi.org/10.3886/ICPSR01191.v1 economic crises icpsr inflation icpsr monetary policy icpsr price controls icpsr price fluctuations icpsr price trends icpsr IDRC II. Economic Data ICPSR XVIII. ICPSR Publication-Related Archive Bordo, Michael D. Rutgers University Wheelock, David C. Federal Reserve Bank of St. Louis Inter-university Consortium for Political and Social Research. ICPSR (Series) Access restricted ; authentication may be required: http://dx.doi.org/10.3886/ICPSR01191.v1