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Central banking: what’s the future? – Global Investing http://t.co/yRFsdwzm
via Global Investing
Central banking… what’s the future?
The Federal Reserve has taken a historic step of adopting an explicit inflation target of 2 percent at its two-day meeting ended on Wednesday, highlighting how central banks must adapt to the new post-crisis world.
In a new book “The Future of Central Banking”, Claudio Borio, deputy head of monetary and economic department and director of research and statistics at the Bank for International Settlements, argues that the financial turmoil has shaken the foundations of the deceptively comfortable central banking world.
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