Central banks need to be wary of ‘new’ monetary policy trends

The emergence of the global financial crisis in 2007 revealed the need to give sustainability more weight when developing the world’s financial architecture. Although it is necessary to discuss the most appropriate immediate measures needed to contain the financial crisis, it is even more important to take a long-term view to assess alternative policy measures and their impact on the longer-term stability of the financial and economic system as a whole. In essence, it is important to consider wh