We investigate how central banks' governance frameworks influence their financial stability communication strategies and assess the effectiveness of these strategies in preventing a worsening of financial cycle conditions. We develop a simple conceptual framework of how central banks communicate...

We investigate how central banks’ financial stability governance frameworks influence their financial stability communication strategies and their effectiveness in preventing financial stress. Using data for 24 central banks, we test how communication strategies and their effectiveness depend...

Financial intermediation and financial services industries have undergone many changes in the past two decades due to deregulation, globalization, and technological advances. The framework for regulating finance has seen many changes as well, with approaches adapting to new issues arising in...