New Zealand paper calls for clearer financial stability aims

Reserve Bank of New Zealand

Financial stability objectives should be made more explicit to offer greater guidance on how macro-prudential policies will be implemented in the future, according to research published by the Reserve Bank of New Zealand (RBNZ) today (June 17).

"Broad macro-prudential objectives provide little guidance as to what policies will be implemented, when, and in response to what," Güneş Kamber, Özer Karagedikli and Christie Smith contend in their discussion paper, Applying an Inflation Targeting Lens t

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