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Central Banks Global Economy

Central Banks and the Looming Financial Reckoning (Willem H. Buiter, Project-Syndicate)

Across the advanced economies, central banks have rightly prioritized maintaining financial stability and supporting the real economy over fighting inflation with interest-rate hikes. But with financial fragility rife and public and private leverage at all-time highs, their next big test is coming.

Central Banks and the Looming Financial Reckoning by Willem H. Buiter – Project Syndicate (project-syndicate.org)