June 2019 issue contents
International Monetary Policy Coordination through Communication: Chasing the Loch Ness Monster

Serkan Imisikera and Bedri Kamil Onur Tasb


We empirically examine international monetary policy coordination. We use the Global Economy Meetings (GEMs) at the Bank for International Settlements (BIS) to design a novel empirical identification strategy. We find that communication between the central bank governors at the BIS GEMs promotes policy coordination.

JEL Code: E52, E58.

Full article (PDF, 21 pages, 310 kb)

 Independent Researcher
b  TOBB University of Economics and Technology