New frontiers for central banking
The dangers of placing too much reliance on macro-prudential policies
Central Banking journal commemorates its ‘silver’ anniversary with the publication of this colour edition. While 25 years represents only a short time in the lifespan of many central banks; the central banking landscape has changed dramatically. Earlier on, there was the rapid increase in the number of central banks, especially following the break-up of the Soviet Union, then the creation of the euro and, finally, the emergence of Asia as the world’s newest economic superpower (and majority
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