IMF annual report says asset bubbles among risks of ‘MP-plus'
Actions by the world's biggest central banks to combat the global financial crisis and great recession have "contributed to financial stability in the short term" but policymakers must remain alert to the possibility that risk is "shifting to other parts of the financial system", according to the International Monetary Fund.
The IMF says in Chapter 3 of its Global Financial Stability Report 2013, published today, that the suite of expansionary measures, which the report labelled ‘MP-plus'
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