Deposit bank responsibilities and the risks involved
The discussion on the obligations of deposiary banks in the light of the Madoff affair Christine Lagarde publicly compared the Luxembourg fund model negatively to the French one, particularly in respect of the obligations of depositary banks. Luc Frieden was provoked to respond at the beginning of the year (at a point when the CSSF […]
Central bank policy and asset inflation
Comments on the IMF WEO October 2009 “Lessons for Monetary Policy from Asset Price Fluctuations” Since the mid-80’s the global consensus has been that central banks should orientated their policy only towards the control of retail price inflation. The development of the financial crisis has sparked a renewed debate on enlarging to role of central […]
