Ben Bernanke helped to steer the US economy through the worst financial crisis since the Great Depression. But, with the US recovery still shaky, growth in emerging markets slowing, and monetary tightening looming large over the entire global economy, should Bernanke have done more? And what should the world expect from his successor as Fed Chair, Janet Yellen?
Will the World Keep Buying US Treasuries?
Paola Subacchi & Paul van den Noord
foresee a gradual reduction in countries’ holdings of dollar-denominated debt, not a rapid sell-off.
