Today, instead of trying further to precisely define the central bank, I would like to talk about the three points I always highlight regarding the roles of a central bank. 2  BIS central bankers’ speeches  First, the most important role of a central bank is to provide a stable financial environment.
International coordination of unconventional monetary policy The intense debates over cross-border spillovers of unconventional monetary policy during the crisis naturally elicited calls for global coordination of monetary policy to avoid beggarthy-neighbor actions that could undermine growth globally. Recognizing the practical limitations of such proposals, in 2013, the Group of Seven (G-7) instead adopted a more circumscribed but achievable set of commitments.