Agustín Carstens on fixing the global monetary system

Agustín Carstens
Agustín Carstens
Photo: BIS

The Bank for International Settlements (BIS) has said there is a need for a clearer framework for emerging market economy central banks to combine inflation targeting, forex interventions and even capital controls. During your time at the Bank of Mexico, did you try to develop a coherent framework, or was it more a case of doing what worked?

As we described in chapter 2 of our annual economic report for 2019, this is an iterative process. We are in a situation where the framework that has been

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact or view our subscription options here:

You are currently unable to copy this content. Please contact to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

If you already have an account, please sign in here.

ETFs in reserve management focus report 2022

Exchange traded funds (ETFs) have risen in popularity among investors and may be of interest to central bank reserve managers in pursuit of safety, liquidity and returns. Central bank mandates vary, but all reserve managers must navigate a new, complex…

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: