BIS report urges tighter global macro-pru co-ordination
Deputy general manager says global institutions could do more to promote co-ordination
A report published by the Bank for International Settlements outlines how major economies could achieve closer co-ordination of macro-prudential policies, boosting their effects.
BIS deputy general manager Luiz Pereira da Silva and Manchester University’s Pierre-Richard Agénor argue improved reciprocity could be underpinned by greater analytical influence from global bodies including the BIS, International Monetary Fund and Financial Stability Board (FSB).
Highlighting the significance of
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