BIS paper urges policy-makers to consider co-ordinated bond strategy

bis-2

A new working paper, published on February 26 by the Bank for International Settlements, points to some of the pitfalls facing policy-makers due to large central bank purchases of government bonds, and argues in favour of a co-ordinated framework to tackle crises.

The paper, Benign neglect of the long-term interest rate, by Philip Turner, says government bond purchases by central banks may have averted disaster, but have also caused markets "additional perplexity" on top of uncertainty over

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: http://subscriptions.centralbanking.com/subscribe

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: