In late 2009, with partial recovery, or at least a noticeable slowing, of the global
downturn, a rather heated debate on exit strategies has emerged. The G-20 finance ministers
agreed on “the need for a transparent and credible process for withdrawing the extraordinary
fiscal, monetary and financial sector support as recovery becomes firmly secured”. But how and
when to start withdrawing the support remains controversial.
One group of protagonists sees unsustainable fiscal deficits and the extraordinary
overhang of excess bank reserves as a portent of a monetary explosion and looming inflation.
Indeed some commodity markets—notably gold and...
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An Analysis of OTC Interest Rate Derivatives Transactions: Implications for Public Reporting
An Analysis of OTC Interest Rate Derivatives Transactions: Implications for Public Reporting
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