After two decades of successfully restoring price stability in much of the world economy, central banks begin the next … does not reappear as a serious policy problem? Another important question is whether central banks enjoy greater … distinguished experts from central banks, academic institutions, and financial markets from around the world.> Sellon and Buskas …

Central banks throughout the world are moving to adopt long-run price stability as their primary goal. Whether … operating with multiple short-run goals or legislative mandates for price stability, virtually all central banks have recognized … better understand how central banks can best reduce inflation and what policies and operating procedures should be …

establishing temporary reciprocal currency swap lines, or facilities, with foreign central banks designed to ameliorate dollar … abroad and stresses in the money markets. Furthermore, the facilities have been an integral part of the central bank toolbox …