3  Independent Evaluation Office of the International Monetary Fund (2011) IMF Performance in the run-up to the Financial and Economic Crisis: IMF Surveillance in 2004–7. 4  See W. White (2010) “Some Alternative Perspectives on Macroeconomic Theory and Some Policy Implications”, Globalisation and Monetary Policy Institute Working Paper 54, Federal Reserve Bank of Dallas.
BIS central bankers’ speeches  3  used to indicate financial stability risks across several different dimensions.5 In this framework, financial stability risks could be reflected in the global and domestic economies, and in financial market conditions. All of these areas are also routinely monitored for monetary policy formulation.