BIS study flags ‘missing debt’ as exuberance spreads
Strong macroeconomic backdrop is encouraging risks to grow, BIS warns
The strength of the global economy over the past quarter drove stronger risk taking, with markets taking their cues from central bank action once again, the Bank for International Settlements (BIS) has warned.
A study published alongside the main report highlighted “missing debt”, in the form of off-balance sheet foreign exchange swaps, which has grown to sizeable levels but is not reflected in standard debt statistics.
Politics “loosened its grip” on markets in the recent period, Claudio
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