Mexican deputy calls for reinforced ‘global financial safety net’

The Bank of Mexico

Addressing the shortcomings of the current "global financial safety net" is of the "utmost relevance" as global risks increase and policy runs out of room for manoeuvre, Bank of Mexico deputy governor Javier Guzmán Calafell said on July 6.

Volatility in recent years has "underscored the merits" of holding plenty of international reserves, Guzmán Calafell said, but he acknowledged this is a costly policy and risks distorting asset markets. A better solution would be to improve the safety net to

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