For some eight years now, central banks around the world have been trying to generate an economic recovery. Despite their efforts, a sustainable recovery remains elusive and the banking system, bailed out and recapitalised in 2008, remains fragile, especially in Europe and China. Being seen as the only game in town is becoming a burden on central banks.
In-depth
The future of central banks – by Mervyn King
Investment banks should be required to bring collateral to central banks ahead of a crisis to establish a credit line
