When slashing interest rates failed to ignite a recovery in the aftermath of the global financial crisis, several developed nations resorted to quantitative easing. Central banks bought up assets, “funneling trillions of dollars of newly created money via commercial banks to the real economy.” As the world recovers, central banks inevitability will need to wean investors off cheap cash, but the mere idea creates market hysteria. getAbstract recommends this succinct assessment to policy makers, central bankers and skittish investors, who need not fear: “The end isn’t nigh.”
About the Author
The Economist Intelligence Unit is an independent research and analysis organization.
Instant access to over 22,000 book summaries
Discover your next favorite book with getAbstract.
See prices >>
Stay up-to-date with emerging trends in less time.
Learn more >>