Copying and distributing are prohibited without the permission of the publisher. If you wish to distribute this content please contact Christopher Hunt (email@example.com) for a quote.
Subscribe today: Order Euromoney by contacting us on +44 (0)20 7779 8999 (UK) or +1 212 224 3570.
To Paul Krugman's chagrin, Volcker and the BIS swim against the deflationary tide
Before lambasting Paul Volcker and the Bank for International Settlements for sounding the alarm over the inflationary impact of lax G7 monetary policy – even in the face of a deflationary cycle – take a moment to consider the defence.
To receive similar stories, sign up for Capital markets emails.