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The ECB also called for improved economic governance, adding: It is crucial that a comprehensive policy toolkit is available to deal with risks to financial stability, including those stemming from the reliance of a significant part of the banking sector on non-resident deposits as a source of funding.
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So central banks embraced measures that didn't even exist in their policy toolkit a decade ago.
It recommended a wide range of policies it called a "policy toolkit" building on the Direct Action scheme implemented by the Abbott government.
For all its temptations, however, the search for a policy toolkit toward development is fraught with pitfalls.
The minutes show some officials have doubts about whether their policy toolkit has anything more to offer.
Australia needs a set of measures – in other words, a policy toolkit – that is well calibrated to capture reductions in different sectors".
The product was a "dog's breakfast" suite of recommendations dressed up as a "policy toolkit" by the authority, they said.
Third, in response to concerns about numbers of instruments, we have seen in recent years that the monetary policy toolkit consists of more than just a single instrument.
It concludes that controls are sometimes "justified as part of the policy toolkit" for an economy seeking to deal with surging inflows.This is surprising.
The restoration to the policy toolkit of quantitative reserve requirements, which more directly constrain banking multipliers and thus credit growth than do increases in capital requirements.
This entailment amounts to a comprehensive policy statement.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com