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While the goals that guide monetary policy in different countries are very similar, central banks diverge in their … methods of implementing policy. This study of the policy frameworks of four central banks—the Federal Reserve, the European … Central Bank, the Bank of England, and the Swiss National Bank—focuses on two notable areas of difference. The first is the …
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a speech at the Cato Institute 25th Annual Monetary Conference, Washington, D.C.
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Remarks at the Central Bank Independence Conference—Progress and Challenges in Mexico, Mexico City, Mexico. …
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Remarks at the Central Bank Independence Conference—Progress and Challenges in Mexico, Mexico City, Mexico. …
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run on the currency if the central bank attempts to act as a lender of last resort. …
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A country's financial system is internationally illiquid if its potential short-term obligations in foreign currency exceed the amount of foreign currency it can have access to in short notice. This condition may be necessary and sufficient for financial crises and/or exchange rate collapses...
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