Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/181071 
Year of Publication: 
2018
Series/Report no.: 
Economics Discussion Papers No. 2018-59
Publisher: 
Kiel Institute for the World Economy (IfW), Kiel
Abstract: 
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 well-communicated way the process of normalisation and the discussions on the needed long-term changes in the strategy and institutional setting of monetary policies.
Subjects: 
monetary policy
central banks
global cooperation
financial stability
international institutions
JEL: 
E51
E58
E61
E63
F33
F42
Creative Commons License: 
cc-by Logo
Document Type: 
Working Paper

Files in This Item:
File
Size
238.27 kB





Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.