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30 September 2011

BIS: Central banking post-crisis - What compass for uncharted waters?


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BISの研究報告書第353号での議論は金融政策と金融安定の機能の統合強化を基盤としている。


The global financial crisis has shaken the foundations of the deceptively comfortable pre-crisis central banking world. Central banks face a threefold challenge: economic, intellectual and institutional. This essay puts forward a compass to help central banks sail in the largely uncharted waters ahead. The compass is based on tighter integration of the monetary and financial stability functions, keener awareness of the global dimensions of those tasks, and stronger safeguards for an increasingly vulnerable central bank operational independence.

Working Paper



© BIS - Bank for International Settlements


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