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Sources of Financial Instability: Challenges for Monetary and Fiscal Policy | Claudio Borio

Hidden Forces

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Is Good Disinflation a Good Threat to the Global Economy?

The establishment thi montripols regime focused on netermilation, whether with financial liberalization or growth in credit. The idea at the time was that the afor system would be largely self equilibrating. And on top of that, the globalization of the real side of economy. Not just in isolation, but in combination, those forces changed the nature of the risks that policy makers were facing," he said.

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