The journal's primary objectives are to disseminate widely the best policy-relevant and applied research on central banking and to promote communication among researchers both inside and outside of central banks. The editors welcome manuscripts for consideration from central bank staff and other researchers. The editors seek manuscripts of high analytical quality on the theory and/or practice of central banking, with special emphasis on research bearing on monetary and financial stability. Topic areas of published research may include but are not limited to: macroeconomics; monetary economics; econometric modeling; finance and capital markets; banking and financial intermediation; analysis of payments systems; prudential regulation and supervision; issues relating to domestic and international financial stability; general international finance