Caruana’s three policy challenges
Jaime Caruana, the general manager of the Bank for International Settlements, on Monday listed the three key policy challenges facing policymakers.
The three were:
• To make a convincing start on reducing budget deficits in the advanced economies. "Placing public debt on a sustainable path must be accompanied by structural reforms to enhance sustainable growth. At the same time, greater exchange rate flexibility in some emerging market economies could improve the prospects for more balanced
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