Caruana urges rethink of global co-operation
Closer co-operation could help dampen backlash against globalisation
Policymakers across all areas of economic policymaking should consider the global dimension of their choices and work together for better outcomes, the Bank for International Settlements’ Jaime Caruana said in a speech on September 14.
The general manager said a first step was to keep one’s own house in order, by setting both monetary and fiscal policy with an eye on the financial cycle. “If policymakers could better manage the financial cycle, that would in itself already help constrain
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