BIS: debt now bigger problem than inflation

The main structural threat to global economic growth is no longer runaway inflation, but a slower rebalancing of excess debt, according to a working paper released by the Bank for International Settlements (BIS).

The paper, 'Monetary and prudential policies at a crossroads', by BIS head of research and policy analysis Claudio Borio, says financial liberalisation, globalisation, and more effective inflation control by central banks mean the main structural risk to the economy is now a more progre

To continue reading...

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: