Monetary Policy and Financial System Resilience
Authors
Claude Lopez, PhD
This report, from Franco Bruni and Claude Lopez, proposes four steps to address the challenges of international policy coordination.
The suggested steps include: monetary policy taking into account its spillovers on financial stability; systemic central banks accounting for the global impact of their policy; multilateral consultations providing a useful platform to assess these impacts; and analysis that helps design monetary and macroprudential policy, including global aggregates to capture the global economic and financial context.