Stability framework possible despite data challenge: Borio
Measurement is the main issue in establishing a more effective operational framework for financial stability, argue Claudio Borio and Mathias Drehmann, from the Bank for International Settlements, in a new paper from the Central Bank of Chile.
"Nonetheless, they argue, "the "fuzziness" in measurement does not prevent further progress towards an operational framework, as long as it is appropriately accounted for."
Their research shows that progress can be made:
· by strengthening the
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