BIS report on issues in the Governance of Central Banks

19 May 2009

The financial crisis could well have important implications for central banks, particularly with respect to their role in fostering financial stability, the report says and identifies some of the governance questions that the crisis poses.

The BIS report highlights the changing  role of central banks over the years often caused by persistent policy problems or severe crises.

 

The current global financial crisis could well have equally important implications for central banks, particularly with respect to their role in fostering financial stability, the report says and identifies some of the governance questions that the crisis poses.

 

However, the report does not intend to set out a single set of “best practices” but seeks to present information that will help decision-makers set up governance arrangements that are most suitable for their own circumstances.

 

Press release

Report

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