2015: The global economy’s ‘sink or swim’ moment

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But as the ECB money starts sloshing around the financial system and flowing into other parts of the world, concerns have been raised about reckless risk taking and financial instability.

Mark Carney, governor of the Bank of England, warned that markets shouldn’t assume central banks will always come to the rescue when asset prices fall.

Carney also said he was expecting more market volatility and cash crunches to emerge in different markets as diverging central bank policies in Europe, Japan and the U.S. lead to unexpected shifts in the flow of money.

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