Managing financial stability, monetary systems and the economic order

bernd-braasch-bundesbank

There are strong interdependencies between the economic and monetary orders. Efficiency and stability of the system as a whole requires harmony between both orders, otherwise an unintended transformation of the monetary or the economic systems could result in severe, unintended consequences globally. As a result, the discussion about generating and guaranteeing sustainable financial stability needs to shift the focus to an ‘order’ policy. This is all the more important since a further crisis on

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