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Thứ Hai, 28-08-2017, 10:31:20
The Economist: The puzzle of political Islam-34
Financial stability is a growing concern of central banks
China’s central bank has more cause to worry than the Fed or the ECB
CENTRAL bankers have gathered at their annual shindig in Jackson Hole, Wyoming, for the past ten years with only one thing on their minds: the health of the global economy. This year’s gathering is different. The bankers’ preoccupations are changing, from recovery to financial stability.

The Economist: The puzzle of political Islam-34

Financial stability is a growing concern of central banks

China’s central bank has more cause to worry than the Fed or the ECB

CENTRAL bankers have gathered at their annual shindig in Jackson Hole, Wyoming, for the past ten years with only one thing on their minds: the health of the global economy. This year’s gathering is different. The bankers’ preoccupations are changing, from recovery to financial stability. 

Oddly, rising concern about the risks of financial excess is good news. It reflects the arrival of the first synchronised global economic upswing since 2010. GDP growth in the quarter ending in June was the most rapid since then, according to JPMorgan Chase, thanks to stronger-than-expected activity in China, Japan and Europe (Britain was a notable exception). Any relief, however, is mixed with anxiety that the excesses which led to the crisis of 2007-08 are again pervasive. 

Source: The Economist
Contact in Vietnam for further information.
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