Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/191237
Authors: 
Bruni, Franco
Siaba Serrate, José
Villafranca, Antonio
Year of Publication: 
2019
Citation: 
[Journal:] Economics: The Open-Access, Open-Assessment E-Journal [ISSN:] 1864-6042 [Volume:] 13 [Year:] 2019 [Issue:] 2019-5 [Pages:] 1-16
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
Persistent Identifier of the first edition: 
Creative Commons License: 
https://creativecommons.org/licenses/by/4.0/
Document Type: 
Article
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