摘要：
Over the past couple of decades, central banks in emerging markets have made substantial progress in developing the credibility to conduct countercyclical monetary policy. During the COVID crisis, many of these central banks not only cut interest rates sharply, but also deployed a range of tools to help restore market functioning, including asset purchases.
摘要： Peer-to-peer trading, face to face, eye to eye — it’s the way deals had been done for millennia, before distance and lack of trust forced us to use go-betweens such as banks and brokers to transact.
