Detail Central banks: A dangerous divergence   Oleh:  The Economist Jenis: Article from Bulletin/Magazine Dalam koleksi: The Economist (http://search.proquest.com/) vol. 386 no. 8572 (Mar. 2008), page 77. Topik: Central Banks; Inflation; Currencies Ketersediaan Perpustakaan Pusat (Semanggi) Nomor Panggil: EE29.50 Non-tandon: 1 (dapat dipinjam: 0) Tandon: tidak ada     Lihat Detail Induk Isi artikel “SOME say the world will end in fire, Some say in ice.” Robert Frost is rarely quoted when central bankers gather. But wise heads nodded when Ken Rogoff, a Harvard professor and former chief economist of the IMF, recited the poet's apocalyptic lines at a recent meeting of monetary policymakers. The Federal Reserve, said Mr Rogoff, thinks the world will end in fire. The European Central Bank (ECB) fears ice. The Fed is scrambling to douse financial crisis and recession. In recent days America's central bank has flooded credit markets with liquidity, creating new lending facilities apace. It has helped JPMorgan Chase rescue Bear Stearns, America's fifth-biggest investment bank. And on March 18th it cut the federal funds rate by three-quarters of a percentage point, the third big reduction in less than two months. At 2.25%, the Fed's policy rate is three points lower than at the start of the financial turmoil last August. Opini Anda Klik untuk menuliskan opini Anda tentang koleksi ini! Kembali

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