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Securing Stability amid ‘The Great Distortion’ Financial Stability: Vulnerabilities, Challenges and Enhancements
Securing Stability amid the ‘Great Distortion.’ And as we all know, financial markets have given us cause for concern since the start of the year. This has raised questions about the economic outlook—is the recovery still on track? And it has also raised questions about whether policies are sufficient to keep us on the right track. So today, I want to discuss how to meet the challenges we face head on; to move away from the “Great Distortion” to achieve the ‘Great Normalization’; and by so doing to avoid market dislocation. I will argue that to succeed policymakers, ultimately, need to upgrade policies, ... (full story)