BIS' Knight on challenges of monetary policy

In the speech 'Objectives and challenges of monetary policy' given on 19 January Malcolm Knight of the BIS said a number of central banks intent on preventive action have actually turned to the use of supervisory instruments to promote credit restraint.

"But, of course, in many countries central banks do not have the authority to use such instruments, and regulations routinely invite evasion. Nevertheless, this issue of monetary and regulatory cooperation in resisting emerging imbalances needs

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:

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: