Finance

How to Keep Central Banks Independent

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Some observers say central banks can best mitigate risks to their independence by returning to the narrow price-stability mandate that served them so well prior to the global financial crisis. But this advice is misguided: central banks must revive their original role as guardians of financial stability.
Bibliographic citation: Bolton, Patrick; Cecchetti, Stephen; Danthine, Jean-Pierre; Vives, Xavier, "How to Keep Central Banks Independent". The Edge 23/07/2019
Date: 23/07/2019
Author(s): Bolton, Patrick; Cecchetti, Stephen; Danthine, Jean-Pierre; Vives, Xavier
Document type: Opinion
Sector: Commercial and saving banks; Investment banks
Languages: English