The dollar soars, inflation roars and central banks squeeze hard on the money flow. The result is the global economy decelerating fast into a slowdown. It all started with the US Federal Reserve raising rates. Other large economies had to follow suit to stay afloat. Hard braking sometimes may be unavoidable in an emergency, but it is dangerous too – be it on the road or in the
Developing countries have long been told to avoid borrowing from central banks (CBs) to finance government spending. Many have even legislated against CB financing of fiscal expenditure.Central b
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Held in-person for the first time in three years, the annual meetings of the International Monetary Fund and World Bank last week in Washington, D.C. failed to offer solutions to the dozens of develop