Communications on financial stability should be strengthened
The IMF’s Olga Stankova outlines how central banks and official agencies can improve communications
The theory and practice of monetary policy communications have advanced rapidly over the past 20 to 30 years, but effective communications on financial stability policies are still young and developing. This reflects the complexities of measuring financial stability and the policies used to achieve it.
But the time has come for a more systematic approach to communications on financial stability policies to better explain what authorities have done and why they have done it. There are many
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