Towards a financial stability-oriented monetary policy framework?

@inproceedings{Borio2016TowardsAF,
  title={Towards a financial stability-oriented monetary policy framework?},
  author={Claudio E. V. Borio},
  year={2016}
}
But as the title of the conference indicates, continued success requires change. Any cursory look at the history of central banking will indicate that the institution has evolved dramatically since its inception, constantly adjusting to evolving economic, political and intellectual cross-currents. The history of the OeNB is no exception, from its creation to tackle serious monetary instability, through the serious banking instability in the interwar period, marked by the famous failure of… CONTINUE READING