Central banks may have to react differently to different types of economic shocks. BIS Review 22/2004  3  Inflation forecasts or projections, while useful and indeed indispensable ingredients of a monetary policy framework, cannot be the only input in decision-making.
Third is the substantial expansion of the coverage of deposit insurance and the guaranteeing of financial institutions' debts. BIS Review 151/2008  3  As a result of these measures, the situation in money markets in the United States and Europe has improved compared with the situation at the height of the tensions in those markets.