The empirically evident link between monetary developments and evolving imbalances in asset and credit markets implies that our strategy, with the importance it confers on monetary analysis, enables us to detect these imbalances at an early stage and to respond to the implied risks to financial, economic and price stability in a timely, forward-looking manner. All in all, the strategy has served us well!
Is Europe paying the price for the bulimia of the Chinese economy, which is waking up to oil? “The entire world has witnessed an extremely significant increase in oil prices. This has happened in part because the emerging countries, and not only China, have developed very quickly and their demand for oil and other commodities has increased accordingly.