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Articles and analyses from the INET community on the key economic questions of our time.

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Too Much Debt: Adair Turner on the Dangers of Excessive Sector Leverage

Nov 7, 2013

Adair Lord Turner, former Chairman of Great Britain’s Financial Services Authority and current Senior Fellow at the Institute for New Economic Thinking, argued in a keynote address to the Federal Reserve Bank of Chicago on Thursday that central banks must be equipped in future to address the dangers of excessive private sector leverage, using both pre-emptive interest rate policy and macro-prudential policy tools.