BIS deputy warns all economies must manage ‘sudden floods’ of capital
Other spillovers may be harder to guard against
Instability resulting from extended periods of very low interest rates is not a problem unique to emerging markets, the Bank for International Settlements' (BIS) Luis Awazu Pereira da Silva warned in a recent speech, published online today, Dec. 16.
Pereira da Silva, who started his position as deputy general manager in October, told a gathering of Southeast Asian central banks on Nov. 26 that while emerging markets had generally learned the lessons of past crises, advanced economies were less
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