This is the dilemma of all developed market central banks that have engaged in unconventional monetary policies. Since their actions have driven up the value of financial assets, it is hard to imagine that their exit will not reverse the surge in value given that economic fundamentals have not improved much, though the principal mandate of central banks is not to produce massive profits anyhow.-Central banks stash cash for unwind shock
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Tuesday, June 16, 2015
The Alice in Wonderland World of Central Banks
Posted by Nick at 5:41 PM