“We failed the system”: Carney at RBI panel
The build-up of imbalances in the global economy has shown the international monetary system to be woefully inadequate, a panel of central bank governors said on Saturday.
"We saw over the course of the last decade what began as prudential self-insurance grow to proportions that appear, even given the evidence of the crisis, to grow to levels that can be deemed excessive," Mark Carney, the governor of the Bank of Canada, said at the inaugural Reserve Bank of India research conference.
Duvvuri
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