麻豆约拍

Is the era of cheap money coming to an end? Central banks are preparing for the withdrawal of stimulus measures such as Quantitative Easing, which was meant to boost ailing economies. Yet the mere prospect of this happening has thrown emerging markets into turmoil. No one really knows what the global impact of the Great Unwind will be. In the Balance this week peers into a future without billions of dollars being poured into economies through the buying of government bonds and other financial instruments. Lesley Curwen is joined by Mohamed El-Erian, CEO of PIMCO, the biggest bond investors in the world, Virginie Maisonneuve, head of global equities at Schroders and Albrecht Ritschl economic historian at the London School of Economics.