Aug
01
Central Bankers Float New Currency System, Safety Net at Confab
By-
Bali gathering underscores era of unorthodox policies
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Dudley offers defense of poverty-reducing globalization
Central bank officials from around the world converged on the Indonesian island of Bali on Monday to swap ideas on tools to address global economic and financial risks. The takeaway: it’s time to start thinking outside the box.
Meeting in a location better known for its surfing and temples than debates on financial safety nets, policy makers from Switzerland to the Philippines agreed that conventional monetary policy alone is no longer enough to manage growth. They also debated inadequacies in the current global financial safety-net system…
Central Bankers Float New Currency System, Safety Net at Confab
