Knight on financial stability and globalisation

In remarks on Frederick Mishkin's paper 'Financial stability and globalisation: getting it right' given on 8 June Malcolm Knight of the BIS said highlights a number of dilemmas that countries face when seeking to embrace globalisation.

"Financial stability is a very complex task: central banks are an important, but by no means the only, player. Moreover, in a number of countries certain key financial stability responsibilities have been transferred to other agencies, notably in the prudential

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