Managing Europe’s Deflation Risk Calls for a Cross-Country Credit Risk Score
During a session at Davos, the president of the European Central Bank indicated a willingness to buy loans of households and companies as part of managing deflationary risk in Europe. He will need a market to be created should the ECB be required to operate a monetary programme to thwart deflation in Europe.
One of the key prerequisites for this market is a transparent and internationally recognised benchmark that can measure credit risks at a loan level, and so enable a wide circle of investors to confidently invest.
Joachim C Bartels is a co-founder, director, head of information resources and Editor-in-Chief of BIIA. In his capacity as Editor-in-Chief he is responsible for the selection of relevant information content concerning industry insights, trends, technological developments, standards and policies impacting BIIA members in particular and the business information industry in general.
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