Taiwan academics call for central bank reforms

Lessons learned: Residents chatting at a harbour in Keelung. Taiwan’s government should learn from the US Federal Reserve system to improve the independence and transparency of the central bank, suggests an influential institute. — Bloomberg

TAIPEI: Taiwan’s top government-funded research institute says the central bank needs to to overhaul some of its long-held approaches to foreign exchange and monetary policy.

The call came as part of a landmark set of recommendations from the institute.