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; savings glut ; monetary policy ; policy coordination …
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Global liquidity expansion has been very dynamic since 2001. Contrary to conventional wisdom, high money growth rates have not coincided with a concurrent rise in goods prices. At the same time, however, asset prices have increased sharply, significantly outpacing the subdued development in...
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worldwide level of interest rates received in the recent debate about the world savings and liquidity glut as one of the main …
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