Financial cycle dip could tip economies into recession: BIS
Burgeoning derivatives market, recent downward trend of global markets among dangers highlighted
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A DOWNTURN in bonds and equities could tip economies into recession, the Bank of International Settlements (BIS) says.
"Since the early 1980s economic downturns have been triggered more by financial booms gone wrong than by monetary policy tightening," said Claudio Borio, head of the BIS' Monetary and Economic Department.
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