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Central Bank Communications before, during and after the Crisis: From Open-market Operations to Open-mouth Policy
Ianthi Vayid
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Description
Gone are the days when secrecy and opacity were the bywords of central banking. Over the past two decades, there has been a dramatic change in the way central banks view the role of transparency and communications in the conduct of monetary policy. This paper briefly reviews the history of central bank communications before the crisis, and then focuses more closely on the remarkable changes that have taken place in monetary and financial stability communications since the crisis.
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Book Details
Title
Central Bank Communications before, during and after the Crisis: From Open-market Operations to Open-mouth Policy
Contributors
Ianthi Vayid
Publisher
Bank of Canada
Publication date
2013-11-01
Pages
47p.
LC Subjects
Banks and banking
,
Central - Public relations.
,
Monetary policy.
FED-CAT-NO
FB3-2/113-41E-PDF
Series
Working Paper/Document de travail (Bank of Canada) 2013-41
Subjects
Central Bank Communications before, during and after the Crisis: From Open-market Operations to Open-mouth Policy
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