Chile's Corbo on central banks & global imbalances

In the speech 'Central banks and global imbalances' given on 9 June Vittorio Corbo of the Central Bank of Chile said the way in which global imbalances will unwind is one of the major uncertainties that central bankers face.

Uncertainty on how imbalances will unwind is at the core of policy making today. Monetary policy in emerging countries has very little impact, if any, on how they will be corrected. However, it certainly affects MP decision, implementation and effectiveness.


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