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Photo Gallery: Central Banks up a 'Dead-End Street'
AP/ DPA

Fotostrecke

Photo Gallery: Central Banks up a 'Dead-End Street'

End of Cheap Money Can the World Handle Higher Interest Rates?

For the last five years, the world's leading central banks have been combatting the crisis with extremely low interest rates and vast bond purchases. Now the American Fed is breaking ranks, as it cautiously suggests a change in its policy -- sending the markets into turmoil.
Translated from the German by Christopher Sultan