Monetary Policy and Financial System Resilience


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. 

Updated/Published November 12, 2020