The document provides an analysis of credit and asset prices from 2011 to 2014, focusing on financial cycles in various countries. It includes a table of average annual changes in credit and asset prices for countries like Brazil, China, France, Germany, India, Italy, Japan, the United Kingdom, and the United States. The document also discusses the development of public debt and forecasts for financial instruments in Germany and the Eurozone. It highlights the risks of accommodative monetary policy potentially leading to financial market bubbles.
doj/DataSet10/EFTA01377495.pdf
{"key_people":["Klaas Knot"],"document_type":"tabular","key_locations":["Brazil","China","United States","Germany","Eurozone"],"key_organizations":["Bank for International Settlements","Deutsche AWM","ECB"],"reference_numbers":["DB-SDNY-0074376","SDNY_GM_00220560","EFTA01377495"]}