Central bankers everywhere else are watching these experiments closely, among them Ben Bernanke, chairman of the U.S. Federal Reserve. He and his counterparts around the world, seared by the worst financial crisis in 75 years, are searching for ways to halt borrowing binges before they morph into bubbles, and to push lenders to shore up their defenses before the next crisis arrives.
The above is a quote from today's WSJ. Economists, God love 'em, even have a new term for these acts of interference: "macroprudential tools."
http://online.wsj.com/article/SB10001424127887324069104578527683704380960.html?mod=ITP_pageone_0
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http://online.wsj.com/article/SB10001424127887324069104578527683704380960.html?mod=ITP_pageone_0
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