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Andrew Bailey: Central Bank Reserves Can't Be Taken for Granted
The current scale of central bank balance sheets mustn’t become a permanent feature. The Covid crisis has required strong and prompt action by central banks consistent with their mandates. In March, disorderly conditions reached the core financial markets, posing a very real threat to the stability of the financial system — by far the most
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Posted: June 22, 2020 Monday 02:00 AM