BoC's Macklem: Global Imbalances Grow
Bank of Canada's Macklem says global imbalances are growing as China's capital flows to the US, potentially fuelling financial stability risks
Global Imbalances Are Growing, May Also Be Fuelling Financial Stability Risks While Imbalances Adjust Slowly, Attractiveness Of US Dollar May Have Let Imbalances Persist Longer Leveraged Trading Strategies Of Hedge Funds And Non-Bank Financial Intermediaries May Be Making This Core Market More Fragile Even As US Has Pulled Back From Open Trade, Others Should Look To Deepen Trade And Investment Relationships If We Want A More Balanced And Resilient Global System, We Need To Create More Places For Savings To Go Beyond Just US