Paraguay’s Valdovinos: world has a lot to learn on macro-prudential tools
Monetary policy cannot ‘tame’ potential instability, Paraguayan governor says
Monetary policy cannot be used to "tame" instability in the financial sector as it is "too blunt", according to the governor of the Central Bank of Paraguay.
In an interview with CentralBanking.com, Carlos Fernández Valdovinos highlights the benefits of using macro-prudential policy as a tool to combat challenges stemming from the "new normal" which global economies are adapting to.
"For Paraguay, we have to implement very clever macroeconomic policy to face this 'new normal'," he says.
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