Chang, Dongkoo; Choon-Seng Lim, Vincent; Eufrocinio M. … - South East Asian Central Banks (SEACEN) Research and …
communication technology and the aftermath of the global financial crisis, central banks are facing new challenges in the pursuit of … price, financial and exchange rate stability. This research paper looks at how central banks can enhance the effectiveness … of monetary policy when in practice, the policy tools available to them are rather limited. In fact, many of them have no …