BIS's Knight on central bank independence

In the speech 'Central bank independence - what role does it play in shaping Mexico's economy?' given on 15 November Malcolm Knight of the BIS said discusses the role of the Banco de Mexico's legal and governance arrangements in Mexico's post-crisis stabilisation.

He argues that there are good grounds for believing that the monetary stability Mexico has achieved in recent years is sustainable. He notes that a well structured legal framework was put in place almost as the crisis was unfolding, but

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