Financial Stability News

Flashing news about financial stability and central banking

BIS WP by Borio on the Savings Glut

This blog carries an interesting story on Borio and Disyatat’s recent WP where they criticize the prevailing view that the savings glut (and low interest rates) caused the financial crisis. You can find the WP on the BIS web site. At least read the annex, which is very good!

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