BIS working paper draws lessons from Asia on price stability

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A Bank for International Settlements working paper, released on April 18, lauds the monetary policy frameworks adopted by Asian central banks in achieving price stability since the Asian financial crisis.

The paper's author, Andrew Filardo, writes that the monetary policy frameworks adopted by Asian central banks since the financial crisis in the region have "worked well both to ensure price stability during the pre-crisis period and to navigate the shoals during the recent international

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