Andrew Crockett: In search of anchors for financial and monetary stability

Andrew Crockett: In search of anchors for financial and monetary stability

Speech

Andrew Crockett: In search of anchors for financial and monetary stability

By Bank for International Settlements (BIS)

In this visionary 2000 speech, Andrew Crockett, then General Manager of the Bank for International Settlements (BIS), explores the "dilemma of irrational exuberance"—the challenge of how central banks should respond to asset price bubbles when inflation is already low.

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