Lagarde: ECB Should Have Role in Supervising Banks
IMF Managing Director Christine Lagarde said the European Central Bank should have a role in supervising banks and that the banking union is a priority for the IMF. She spoke at a conference in Paris today.
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Negative Rates: Effective Policy or Sign of Desperation?
06:22 - According to David Wessel, a contributing correspondent to The Wall Street Journal and director of the Hutchins Center on Fiscal and Monetary Policy at the Brookings Institution, deploying negative rates in a country sends a message that the economy is "in a mess." But in an interview with Bloomberg TV Canada's Rudyard Griffiths, Wessel says the effects haven't been as bad as feared and the policy will likely remain in the central bankers' toolbox as long as economies don't get any help from fiscal authorities within government. (Source: Bloomberg)