Svensson: Central-banking challenges for the Riksbank- monetary policy, financial-stability policy and asset management
On Thursday, Deputy Governor Lars E.O. Svensson presented the lecture ”Central-banking challenges for the Riksbank – monetary policy, financial stability policy and asset management” at the School of Business, Economics and Law at the University of Gothenburg. In his lecture Mr Svensson discussed challenges faced by the Riksbank with regard to its core functions. In Mr Svensson’s view, the first challenge is to make sure that monetary policy becomes transparent, consistent and clearly focused on stabilising inflation and resource utilisation and nothing else. Mr Svensson maintained that a related challenge is the risk of conceptual and practical confusion between monetary policy and financial-stability policy. The third and final challenge he discussed concerned the need to ascertain that the Riksbank’s asset management is efficient and to eliminate unnecessary risk – including the large currency risk.
Read the summary of Mr Svensson’s lecture in the PDF file below.
