Bloated Central Bank balance sheets by Otaviano Canuto and Matheus Cavallari published by cfi.co (5/2017). “Central banks of large advanced and many emerging market economies have recently gone through a period of extraordinary expansion of their balance sheets and are all now possibly facing a transition to less abnormal times. However, the fact that one group is comprised by global reserve issuers and other by bystanders receiving impacts of the former’s policies…”
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