Cyprus’s Orphanides calls for more attention to macroprudential regulation
A paper written by Athanasios Orphanides, the governor of the Central Bank of Cyprus, in May provides a policymaker's perspective on some lessons from the financial crisis for monetary policy.
The paper focuses on three issues. Firstly, what lessons can be drawn regarding the institutional framework for monetary policy and what is best performed by an independent central bank focused on achieving and maintaining price stability? Second, what lessons can be drawn regarding the monetary policy
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