A Mirage, Not An Oasis: Easy Money and Financial Markets

From iMFdirect - The IMF Blog Wed Oct 15 2014, 15:09:06

By Fabio Cortes, David Jones and Evan Papageorgiou Low interest rates and other central bank policies in the United States have sent investors looking for higher returns on their investments. Money is pouring into mutual funds and exchange-traded funds, which is fueling a mispricing of credit and a build-up of risks to liquidity in the [...]

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