Riksbank’s Ingves weighs post-crisis policy legacy

Stefan Ingves

The inadequacy of monetary policy as a macro-prudential tool, difficulties in explaining ultra-loose policies and falling cash usage have shaped Sveriges Riksbank’s post-crisis decade, said governor Stefan Ingves.

On October 15, the governor reflected on these developments in a speech at the Money Macro and Finance Research Group in London.

Ingves first analysed the use of interest rates as a macro-prudential mechanism to prevent the build-up of financial imbalances in Sweden. The governor

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