The internationalisation of monetary policy

Benoit Coeuré

Journal of International Money and Finance, 2016, vol. 67, issue C, 8-12

Abstract: The case for formal central bank cooperation remains limited, and practical considerations make its implementation difficult. That being said, central banks need to be engaged in a constant dialogue so as to remain ready for rapid coordinated action in exceptional circumstances. Also, they should strive to strengthen the global financial safety nets within their monetary policy mandates so that they can better address global or regional liquidity crises, thereby limiting the case for self-insurance.

Keywords: International monetary policy coordination; spillovers (search for similar items in EconPapers)
JEL-codes: E5 F4 (search for similar items in EconPapers)
Date: 2016
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Citations: View citations in EconPapers (3)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:jimfin:v:67:y:2016:i:c:p:8-12

DOI: 10.1016/j.jimonfin.2015.06.007

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