Addressing Spillovers from Prolonged U.S. Monetary Policy Easing /

There is growing recognition that prolonged monetary policy easing of major economies can have extraterritorial spillovers, driving up financial system leverage in other countries. When faced with such a rise of threats to financial stability, what can countries do? Specifically, is there a role for...

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Bibliographic Details
Main Author: Cecchetti, Stephen
Other Authors: Narita, Machiko, Rawat, Umang, Sahay, Ratna
Format: Journal
Language:English
Published: Washington, D.C. : International Monetary Fund, 2021.
Series:IMF Working Papers; Working Paper ; No. 2021/182
Subjects:
Online Access:Full text available on IMF

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