IMF stresses importance of central banks’ role in macro-prudential policy use

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The International Monetary Fund (IMF) has released new research and discussion papers that highlight the importance of effective macro-prudential policies in the fight against future financial crises.

In a staff discussion paper on institutional models for macro-prudential policy, released on Tuesday, the IMF said central banks should play an "important role" in macro-prudential policy. Their involvement was critical in order to "harness institutional incentives and expertise available at the ce

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