Manuel Sánchez: Understanding macroprudential instruments and their impact Remarks by Mr Manuel Sánchez, Deputy Governor of the Bank of Mexico, at the seminar “Financial Stability: Designing and Implementing Macroprudential Policy”, organized by Central Banking Publications, Windsor, United Kingdom, 21 April 2015.
*  *  *  It is a pleasure to be with you in this prestigious forum devoted to the discussion of central banking issues. I would like to thank the organizers for their invitation to share my thoughts with you on one of today’s most stimulating topics in economics, the design and use of macroprudential instruments.