BIS warns about drop in international lending, urges Asia on currency

06/4/2012 | Bloomberg Businessweek · Bloomberg · Wall Street Journal, The

The Bank for International Settlements said in a report that cross-border lending is falling at its quickest pace since the beginning of the global financial crisis in 2008. International loans dropped nearly $800 billion in the fourth quarter, according to the report. The BIS suggested Asian central banks should allow more currency appreciation to contain risks of inflation brought on by an expansion of the balance sheets of nine Asian central banks from $1.1 trillion in 2001 to $6.4 trillion in 2011.

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Bloomberg Businessweek · Bloomberg · Wall Street Journal, The

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