Caruana tells central banks to focus more on financial stability

jaime-caruana

Jaime Caruana, general manager of the Bank for International Settlements (BIS), today argued that central banks need to better appreciate their role in influencing the behaviour of credit and asset prices.

Caruana, speaking at an OMFIF event in London, stressed that the recent financial crisis has "clearly shown" financial stability is "essential for lasting price stability".

This, he said, raises the question of how central banks can shift from their traditional, purely macroeconomic

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: