Concerns about Competitive Monetary Easing (Governor Dr. Raghuram G. Rajan’s remarks in the Policy Panel Discussion, at the ‘2014 BOJ-IMES Conference on Monetary Policy in a Post-Financial Crisis Era’, organised by the Institute of Monetary and Economic Studies, Bank of Japan in Tokyo on May 28, 2014)

Concerns about Competitive Monetary Easing (Governor Dr. Raghuram G. Rajan’s remarks in the Policy Panel Discussion, at the ‘2014 BOJ-IMES Conference on Monetary Policy in a Post-Financial Crisis Era’, organised by the Institute of Monetary and Economic Studies, Bank of Japan in Tokyo on May 28, 2014) https://www.taxtmi.com/news?id=12736 Prolonged use of Unconventional Monetary Policy can raise domestic leverage, investor crowding, and exit volatility, while generating cross border spillovers that inflate asset prices and vulnerabilities in recipient countries. Central banks should internalize such spillovers-by reinterpreting mandates to consider foreign reactions-and strengthen international safety nets, including pre qualified liquidity lines, so that unilateral UMP or competitive easing do not produce large adverse global welfare effects. en-us Wed, 28 May 2014 11:46:05 +0530 Wed, 28 May 2014 11:46:05 +0530 TaxTMI RSS Generator Concerns about Competitive Monetary Easing (Governor Dr. Raghuram G. Rajan’s remarks in the Policy Panel Discussion, at the ‘2014 BOJ-IMES Conference on Monetary Policy in a Post-Financial Crisis Era’, organised by the Institute of Monetary and Economic Studies, Bank of Japan in Tokyo on May 28, 2014) https://www.taxtmi.com/news?id=12736 Prolonged use of Unconventional Monetary Policy can raise domestic leverage, investor crowding, and exit volatility, while generating cross border spillovers that inflate asset prices and vulnerabilities in recipient countries. Central banks should internalize such spillovers-by reinterpreting mandates to consider foreign reactions-and strengthen international safety nets, including pre qualified liquidity lines, so that unilateral UMP or competitive easing do not produce large adverse global welfare effects. News - Wed, 28 May 2014 11:46:05 +0530 https://www.taxtmi.com/news?id=12736