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. And low economic growth, an insufficiently unsubstantiated expansion of central bank responsibilities, and worries over … future financial instability are sources of concern that contribute to a loss of confidence in the monetary authorities … around the globe. Because no coherent new framework for central bank policy has since emerged, central banking is not broken …
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Central Bankers are currently facing big challenges in designing and implementing monetary policy, as well as with safeguarding financial stability, with the world economy still in the process of digesting the legacy of the crisis. The crisis has changed central banking in many ways: by shifting...
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