BIS committees highlight broad monetary effects of regulation
Central banks can take action to offset impact of regulation
New financial regulations have a wide array of effects that monetary policy-makers ought to take into account, according to a report published today (May 20) by the Basel-based Committee on the Global Financial System and Markets Committee.
The report outlines multiple areas in which regulations have a monetary impact, and offers policy-makers suggestions on how to mitigate them. Overall, regulations should only have a "limited and manageable" impact, William Dudley and Guy Debelle, the chairs
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