Lagarde calls for co-ordination to contain ‘spillovers' and ‘spillbacks'
Greater international cooperation needed as monetary policy is normalised
Strengthened international cooperation is the key to avoiding negative spillovers from the normalisation of monetary policy in advanced economies – and ‘spillbacks', where those negative effects feed back into the advanced economies, IMF managing director Christine Lagarde said today.
In a speech delivered at the School of Advanced International Studies in Washington, DC, ahead of the 2014 IMF/World Bank Spring Meetings that start this week, Lagarde said "navigating the choppy waters of
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