After all, there are no instruments to enforce strict rules at the global level, and the unwinding of today’s global imbalances – led by some revaluation of the renminbi and China’s shift to a growth model based on stronger domestic demand – might be only a matter of time.

While no two financial crises are identical, all tend to share some telltale symptoms: a significant slowdown in economic growth and exports, the unwinding of asset-price booms, growing current-account and fiscal deficits, rising leverage, and a reduction or outright reversal in capital inflows.

All of this, together with the wave of central bank accommodation worldwide (and prospects for more of the same), would seem to tilt the balance toward a more gradualist Fed approach to unwinding QE.

Should the ECB disappoint expectations, bond and foreign-exchange markets would confront an abrupt and damaging unwinding of positions: long-term interest rates would rise, stock markets would sink, and the exchange rate would appreciate.

The unwinding of QE0 does not necessarily imply a decline in the rest of the world’s appetite for US Treasuries.

The reasons are clear: since the world has experienced a “multi-speed recovery,” as the International Monetary Fund puts it, slow-growth advanced countries are maintaining very low interest rates and other expansionary monetary policies, while fast-growth emerging economies are unwinding the expansionary policies that they adopted during the recession.

Unwinding in example sentence

More example sentences with word unwinding