As the global organisation of central banks, the Bank for International Settlements (BIS) has played a significant role in the momentous changes the internation
Since the end of the Great Recession in 2009 the central banks of the advanced countries have taken unprecedented actions to reflate and stimulate their economi
The current Global Financial Stability Report (April 2016) finds that global financial stability risks have risen since the last report in October 2015. The new
The open access publication of this book has been published with the support of the Swiss National Science Foundation. In Monetary Stability as a Common Concern