2  2  Reinhart CM and K Rogoff (2009), This Time is Different: Eight Centuries of Financial Folly, Princeton University Press, Princeton.
BIS central bankers’ speeches  Taken together I think these factors go a long way towards explaining the drawn-out nature of the global recovery to date – even though, as I said, economic conditions in recent times have been much better than they were a few years ago. Policymakers around the world have been responding to this situation on a number of fronts.