The constant monitoring of the different market segments in order to assess the transmission of monetary policy contributes to their understanding of the financial sector and to act quickly in situations of financial stress. Fourth, central banks will be able to achieve a better management of its counterparties´ creditworthiness in monetary policy operations.
Fifth, central banks are particularly prepared to manage macroprudential policies as they have a deep knowledge of the macroeconomic and financial cycles and monetary policy shares the same concerns with macroprudential policy, namely the stabilisation of the cycle to ensure price stability in the medium and long term.