It is now almost seven years since major central banks first deployed bold ‘unconventional’ policies. These exceptional measures were made in response to exceptionally dire times. In the Eurosystem, which comprises the European Central Bank (ECB) and eurozone central banks, the implementation of such measures exemplified the flexibility of our operating framework. But it also tested the resilience of our institutions and founding principles.
In the aftermath of the crisis, unconventional
- BoE revamps expenses rules after criticism from MPs
- Draghi warns of downside risks as ECB ends net asset purchases
- Book notes: Macroprudential policy and practice, edited by Paul Mizen, Margarita Rubio and Philip Turner
- Central banks turn to visual communication in 2018
- Five central banks and supervisors join environmental group