The restoration of confidence has led to an improvement in  2  BIS central bankers’ speeches  financial conditions in the Greek economy, in particular with respect to financing through capital markets. -  First, the Greek government has returned to international bond markets after three years, raising € billion through a five-year bond issue.
The new central bank doctrine has perhaps best been recapitulated by Stanley Fischer in his famous paper “Modern Central Banking”, delivered in London in 1994 at the Tercentenary Symposium of the Bank of England. The then professor at MIT later served as First Deputy Managing Director of the IMF and Governor of the Bank of Israel.