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There was a systemic failure of financial regulation: senior policymakers repeatedly enacted and implemented policies that destabilised the global financial system. They maintained these policies even as they learned of the consequences of their policies during the decade before the crisis. The...
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are notable in Central and Eastern Europe, while the index has shown much smaller rises in most other parts of the world …
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safeguarding financial stability, with the world economy still in the process of digesting the legacy of the crisis. The crisis has …
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The process of central bank (CB) evolution by emerging market economies (EMEs), including central bank independence (CBI) and transparency (CBT), converged towards that of the advanced economies (AEs) before the Global Financial Crisis (GFC) of 2007-2008. It was greatly aided by the adoption of...
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Words are critical in how the public perceives the work of central banks and the quality of monetary policy. Press releases that accompany policy rate decisions and, where available, the minutes of central bank committee meetings, are focal points for the media in public discussions about the...
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1980s saw several financial crises around the world with little lasting impact on the global economy. The second mistake … was a failure to adequately appreciate how inter-connected the world's financial system had become. The fact that the … crisis originated in the advanced world only increased the effect it had on the global economy. The triumph was the …
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