BIS report urges tighter global macro-pru co-ordination

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Luiz Pereira da Silva

A report published by the Bank for International Settlements outlines how major economies could achieve closer co-ordination of macro-prudential policies, boosting their effects.

BIS deputy general manager Luiz Pereira da Silva and Manchester University’s Pierre-Richard Agénor argue improved reciprocity could be underpinned by greater analytical influence from global bodies including the BIS, International Monetary Fund and Financial Stability Board (FSB).

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