The quest for global monetary policy coordination
This paper puts forward a proposal to help monetary policies confront the challenge of the “normalisation” of money creation and interest rates. The difficult unwinding of years of unorthodox policies put financial stability at risk in major monetary centres and in EMEs. The authors argue that globa...
| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
| Published: |
De Gruyter
2019-12-01
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| Series: | Economics: Journal Articles |
| Subjects: | |
| Online Access: | https://doi.org/10.5018/economics-ejournal.ja.2019-5 |
| _version_ | 1818112393988800512 |
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| author | Bruni Franco Serrate José Siaba Villafranca Antonio |
| author_facet | Bruni Franco Serrate José Siaba Villafranca Antonio |
| author_sort | Bruni Franco |
| collection | DOAJ |
| description | This paper puts forward a proposal to help monetary policies confront the challenge of the “normalisation” of money creation and interest rates. The difficult unwinding of years of unorthodox policies put financial stability at risk in major monetary centres and in EMEs. The authors argue that global coordination is crucial to facing this challenge. They propose to convene appropriate official meetings to coordinate in an explicit, formal, and wellcommunicated way the process of normalisation and the discussions on the needed longterm changes in the strategy and institutional setting of monetary policies. |
| first_indexed | 2024-12-11T03:18:14Z |
| format | Article |
| id | doaj.art-6126229cdc34408bb950bff7b4a45cac |
| institution | Directory Open Access Journal |
| issn | 1864-6042 |
| language | English |
| last_indexed | 2024-12-11T03:18:14Z |
| publishDate | 2019-12-01 |
| publisher | De Gruyter |
| record_format | Article |
| series | Economics: Journal Articles |
| spelling | doaj.art-6126229cdc34408bb950bff7b4a45cac2022-12-22T01:22:41ZengDe GruyterEconomics: Journal Articles1864-60422019-12-0113110.5018/economics-ejournal.ja.2019-5The quest for global monetary policy coordinationBruni Franco0Serrate José Siaba1Villafranca Antonio2ISPI and Bocconi University, Milano, ItalyUniversity of Buenos Aires, UCEMA and CARI, Buenos AiresISPI, MilanoThis paper puts forward a proposal to help monetary policies confront the challenge of the “normalisation” of money creation and interest rates. The difficult unwinding of years of unorthodox policies put financial stability at risk in major monetary centres and in EMEs. The authors argue that global coordination is crucial to facing this challenge. They propose to convene appropriate official meetings to coordinate in an explicit, formal, and wellcommunicated way the process of normalisation and the discussions on the needed longterm changes in the strategy and institutional setting of monetary policies.https://doi.org/10.5018/economics-ejournal.ja.2019-5monetary policycentral banksglobal cooperationfinancial stabilityinternational institutionse51e58e61e63f33f42 |
| spellingShingle | Bruni Franco Serrate José Siaba Villafranca Antonio The quest for global monetary policy coordination Economics: Journal Articles monetary policy central banks global cooperation financial stability international institutions e51 e58 e61 e63 f33 f42 |
| title | The quest for global monetary policy coordination |
| title_full | The quest for global monetary policy coordination |
| title_fullStr | The quest for global monetary policy coordination |
| title_full_unstemmed | The quest for global monetary policy coordination |
| title_short | The quest for global monetary policy coordination |
| title_sort | quest for global monetary policy coordination |
| topic | monetary policy central banks global cooperation financial stability international institutions e51 e58 e61 e63 f33 f42 |
| url | https://doi.org/10.5018/economics-ejournal.ja.2019-5 |
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