Coelho, P. in an interview by The Guardian, 19 March 2009. 3. Greenspan, A. in a testimony to Congress in 1987, according to Federal Reserve Bank of San Francisco, What steps has the Federal Reserve taken to improve transparency?, September 2006. 4. Issing, O. (2014). Forward Guidance: A New Challenge for Central Banks, Goethe University, SAFE White Paper, No 16. 5. Mishkin, F.S. (2007).
And second, intelligent and consistent reforms of the economic framework can only be achieved through global cooperation. Despite – or perhaps precisely because of – the need for reforms, there is a not inconsiderable risk that policymakers will make decisions which are difficult to reconcile with principles of a market economy.