Nestor A Espenilla, Jr: Good governance in the pursuit of mandates
By Bank for International Settlements (BIS)
In this insightful address to the Institute of Corporate Directors, Governor Nestor A. Espenilla, Jr. articulates a profound connection between institutional integrity and macroeconomic performance. He posits that for a central bank to effectively manage inflation and supervise financial institutions, it must first embody the "gold standard" of governance itself.
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