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Central banks told to cooperate on managing global liquidity | Reuters

Central banks told to cooperate on managing global liquidity | Reuters
http://www.reuters.com/article/2013/08/24/us-usa-fed-spillovers-idUSBRE97N07F20130824

Central banks should coordinate to avoid unwanted side effects as they exit from ultra-easy monetary policies that have left the world awash in cheap money, top policymakers were told on Saturday.

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That said, he freely admitted that this goal will be very hard to reach. Such an international agreement ultimately puts taxpayers in one country on the hook to bale out debtors in another, which would very hard to sell politically.

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