World Bank, IMF warn of asset bubbles

11/4/2009 | Wall Street Journal, The

The World Bank and the International Monetary Fund said a surge in capital caused by economic-stimulus efforts risks causing asset bubbles. Asia is of particular concern because real estate prices and stocks have gone up sharply in the past few months. Bank of Korea Governor Lee Seong-tae indicated last month that he might raise the central bank's key interest rate if housing prices continue to increase at an undue rate.

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Wall Street Journal, The