A shroud of secrecy

The veritable army of central bank watchers around the world attests to the fact that monetary authorities drape many of their actions with a shroud of secrecy and that the information hidden is significant and valuable. A growing number of experts advocate lifting the shroud, however. Indeed, at the institutional level, both the International Monetary Fund and the Bank for International Settlements have jumped on the transparency bandwagon. As advocates of less esoterica and more transparency,

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