Engineering a New Crisis*

Nov 16th 2017, C.P. Chandrasekhar
Central banks are deciding to scale back their policy of "quantitative easing" in the form of liquidity infusion through asset purchases, but they are unwilling to commit to a quick unwinding of balance sheets fearing market reaction to a radical change in the easy money environment.

* This article was originally published in the Frontline Print edition: November 24, 2017.


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