The Central Banking and International Finance theme is part of CIGI’s research. It analyzes the implications of domestic policies on global monetary and financial stability and the prospects for coordination and cooperation in the international regime.
The 2008 financial crisis produced major changes in monetary and financial regulatory practice. Unconventional monetary policy and macroprudential policy are two important developments in central banking that have significant impacts on the stability of the international system and the power, influence and authority of central banks. In international financial regulation, the strengthening of the Financial Stability Board after the financial crisis has important implications for the governance of global finance. CIGI’s research in this area aims to shed light on the policy goals and tools utilized by central banks and financial regulators after the crisis. Through this research stream, CIGI’s Global Economy Program intends to identify and research the key policy and governance issues facing central banks and financial regulators in the post-crisis world.