Mojmir Hampl writes:  The BIS has a right to be heard. It exists not just to represent central banks, but also to offer ideas and intellectual feedback. Indeed, it serves policymakers well by challenging, debating, and perhaps swaying opinion. Rather than bash the BIS, monetary authorities should be grateful for the informed perspectives that it provides. Central bankers have become public figures who play the press for attention.  This can be dangerous and warrants counter balances.
Bank for International Settlements