Bernanke denies QE represents competitive devaluation

Federal Reserve's Ben Bernanke

Ben Bernanke, the chairman of the Federal Reserve, has defended the Fed's programme of quantitative easing (QE) in the face of complaints that the policy constitutes competitive devaluation and drives destabilising capital flows into emerging markets.

Speaking last night during a panel discussion at the London School of Economics, Bernanke stressed that he viewed QE as an "enrich-thy-neighbour" policy, due to the world economy's dependence on resilient demand from the developed world, rather

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking 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 individual account here: