Criticism of monetary policy and central bank reporting; Jumping from repo to chain financing.
Should we count or recognize banks? / The central bank must publish the names of the recipients of the resources, the share of each bank and the amount of the reduction of the overdraft.
The central bank reports on the increase in the financing of the banking network and the development of production financing tools; But the main question is not just "How many resources have been provided?" "The more important question is: which banks used these resources, in what proportion, under what conditions and with what results? Monetary policy cannot be judged only by the size of the data. The performance of the policy maker can be measured when the direction of resource allocation and the result of his interventions are also clear.
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