IMF can help with access to safe assets and global liquidity, says ECB’s Cœuré
Benoît Cœuré, a member of the European Central Bank's (ECB) executive board, on February 6 said the International Monetary Fund (IMF) could address the shortage of safe assets and global liquidity in financial markets by redistributing global reserves.
At a workshop on global liquidity and its international repercussions, in Frankfurt, Cœuré said: "Financial crises, but also economic downturns in general, trigger a rise in global risk aversion. This in turn induces a flight to safety by global
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