Economists tell G-20 to deal with troubled bank assets

03/2/2009 | Financial Times (free content)

Prominent economists warned that the Group of 20 nations need to develop common principles to deal with banks' troubled assets to curb the accelerating economic downturn. In a report, the economists said "neither monetary nor fiscal policies will work unless and until the blockages in the supply of credit are resolved." Senior officials from the G-20 are meeting this week in London to work toward text regarding an overhaul of financial regulation and a way to bolster economic growth.

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