Wednesday, February 6, 2013

IMF says central banks should be responsible for financial stability


Washington: Financial stability should become a core central banking objective alongside monetary policy, although potential conflicts between the two functions might require some institutional re-design, the International Monetary Fund (IMF) said on Monday. IMF in a study noted that although central banks had delivered low inflation, they had failed to prevent the devastating global financial crisis of 2008-2009........

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