The effectiveness of a central bank’s monetary policymaking is determined by the merit of its policy actions and their perceived credibility. Since the 1990s central banks have placed more emphasis on clear communications and transparency as additional levers to help achieve their goals. In...

Monetary sovereignty and its surrender -- Institutional developments to promote monetary stability -- Institutional design of supervision -- Banking crises and stability of the financial system -- Monetary and financial law reform in emerging economies -- History of monetary integration in...