Canadian paper calls for ‘simple and digestible’ communication on financial stability issues
It is "essential" that central banks use "plain language with well-defined terms" when communicating their financial stability concerns and policy choices, according to a working paper published this week by the Bank of Canada.
In Central Bank Communications Before, During and After the Crisis: From Open-Market Operations to Open-Mouth Policy, Ianthi Vayid acknowledges that the lack of a single, quantifiable objective for financial stability poses a real difficulty for central bank
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