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Dead end for central banks' policies, political help needed
Published Wed, Oct 5, 2016 · 09:50 PM
WHEN commercial banks get into trouble, their last resort when all else has failed is to turn to their central bank. But another group of banks is in trouble now - the central banks themselves.
Current central bank policy is rapidly resembling a dead end. It is not working, it is not stable, and it is not sustainable. Their balance sheets are bloated, their position in financial markets uncomfortab…
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