Rethinking debt ratios, Beyond Libor
Thursday 17 September 2020 – Vol.11 Ed.38.4
Commentary: Rethinking debt ratios
By Meghnad Desai in London
William White put forward a masterly analysis of the prospects for the global economy. He writes that since the 1970s, monetary policy has dominated, with explicit inflation targeting as its guiding principle. The great moderation, from the mid-1980s until 2007, presented the ideal conditions. Before the pandemic, governments already had high debt to income ratios. These are now astronomical. What is to be done? My view on the last 40 years differs from White’s.
Read the full commentary on the website.
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Meeting: Beyond Libor
Thursday 1 October, 16:00-17:15 SGT
With the London interbank offered rate set for retirement at the end of 2021, regulators are working on the transition to alternative risk-free rates. OMFIF and the South East Asian Central Banks Training and Research Centre convene a panel to discuss the move away from Libor and its impact on financial stability.
Request to attend the meeting.
