https://www.taxtmi.com/news?id=14520 Prolonged unconventional monetary policy and sustained exchange rate intervention can compress risk premia, induce portfolio rebalancing and cross border capital flows, and shift demand away from other countries without raising net global demand. To prevent destabilizing spillovers and a cycle of competitive easing and crises, multilateral institutions should define new rules of the game, screen UMP and exchange interventions, provide pre qualified liquidity lines without stigma, and bolster development banks to supply patient risk capital while countries pursue structural reforms and prudent investment. en-us Thu, 21 May 2015 12:06:16 +0530 Wed, 11 Feb 2026 15:56:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=14520 Prolonged unconventional monetary policy and sustained exchange rate intervention can compress risk premia, induce portfolio rebalancing and cross border capital flows, and shift demand away from other countries without raising net global demand. To prevent destabilizing spillovers and a cycle of competitive easing and crises, multilateral institutions should define new rules of the game, screen UMP and exchange interventions, provide pre qualified liquidity lines without stigma, and bolster development banks to supply patient risk capital while countries pursue structural reforms and prudent investment. News - Thu, 21 May 2015 12:06:16 +0530 https://www.taxtmi.com/news?id=14520