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The expansion of central bank balance sheets in emerging Asia: what are the risks?

Andrew Filardo () and James Yetman

BIS Quarterly Review, 2012

Abstract: Central bank balance sheets in emerging Asia expanded rapidly over the past decade because of the unprecedented rise in foreign reserve assets. The corresponding expansion of the central banks' liabilities has created dangers - risks of inflation and financial instability and financial market distortions - that require attention.

JEL-codes: E58 E61 (search for similar items in EconPapers)
Date: 2012
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Citations: View citations in EconPapers (44)

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