Central banks in 'uncharted waters', Lamfalussy tells ACI Congress

Alexandre Lamfalussy at the European Monetary Institute in 1998

Central banks will continue to navigate “uncharted and rather murky waters” in the aftermath of the global financial crisis, according to Alexandre Lamfalussy, former general manager of the Bank for International Settlements and former president of the European Monetary Institute.

“Whether they like it or not, central banks are in the front line when it comes to keeping price manifestations under control. But what is new in our current experience is that most central banks have had to carry out

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