Caruana marks out dangerous nexus between debt, oil and the US dollar

Latest data points to possible tightening of global liquidity

Jaime Caruana

There are signs the world is about to undergo an uncomfortable rebalancing, according to Jaime Caruana, the general manager of the Bank for International Settlements (BIS). Factors that at first glance may look unrelated are in fact forming a web of interactions, he has warned.

Speaking this evening (February 5) at the London School of Economics, Caruana drew together many of the strands of research the BIS has been pursuing in recent years on what it sees as the malaise of the global economy.


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