BIS paper: short-term interest rate may no longer be enough to set policy


Central banks looking to set monetary policy in the post-2008 world may have to employ more tools than just the short-run interest rate, according to research published by the Bank for International Settlements (BIS) today (March 8).

Madhusudan Mohanty, an economist at the BIS, and Kumar Rishabh of the University of Basel and the Reserve Bank of India, in a working paper focus on how changes in the nature of financial intermediation have impacted the monetary transmission mechanism in emerging

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 [email protected] or view our subscription options here:

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

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: