International Monetary Policy Coordination through Communication: Chasing the Loch Ness Monster

Serkan Imisiker () and Bedri Tas

International Journal of Central Banking, 2019, vol. 15, issue 2, 301-321

Abstract: We empirically examine international monetary policy coordination. We use the Global Economy Meetings (GEMs) at the Bank for International Settlements (BIS) to design a novel empirical identification strategy. We find that communication between the central bank governors at the BIS GEMs promotes policy coordination.

JEL-codes: E52 E58 (search for similar items in EconPapers)
Date: 2019
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Persistent link: https://EconPapers.repec.org/RePEc:ijc:ijcjou:y:2019:q:2:a:8

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