Top economists call for central banks to oversee financial stability
Economists including Frederic Mishkin, a former member of the Federal Reserve's Board of Governors, Raghuram Rajan, a former IMF chief economist, and Robert Shiller, an academic at Yale University, have called for central banks to be the supervisors of overall financial stability.
The recommendation is one of eight proposals that makes up The Squam Lake Report, published on Wednesday and billed as a manual on crisis prevention. The group of 15 economists also called for the creation of "living
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