Lagarde calls for co-ordination to contain ‘spillovers' and ‘spillbacks'

Christine Lagarde

Strengthened international cooperation is the key to avoiding negative spillovers from the normalisation of monetary policy in advanced economies – and ‘spillbacks', where those negative effects feed back into the advanced economies, IMF managing director Christine Lagarde said today.

In a speech delivered at the School of Advanced International Studies in Washington, DC, ahead of the 2014 IMF/World Bank Spring Meetings that start this week, Lagarde said "navigating the choppy waters of financia

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