How to protect central-bank independence
Since the financial crisis, central banks need to return to their role as guardians of financial stability as well as reverting to the price-stability mandate that previously served them ...
Stephen G. Cecchetti is Professor of International Economics at the Brandeis International Business School. Before rejoining Brandeis in January 2014, he completed a five-year term as Economic Adviser and Head of the Monetary and Economic Department at the Bank for International Settlements in Basel, Switzerland. During his time at the Bank for International Settlements, Cecchetti participated in the numerous post-crisis global regulatory reform initiatives. This work included involvement with both the Basel Committee on Banking Supervision and the Financial Stability Board in establishing new international standards.