Flash: QE taper could trigger turmoil in markets - Nomura

FXstreet.com (Barcelona) - The winding down of QE may have undesirable effects for the markets, notes Richard Koo, Chief Economist at Nomura Research Institute.

According to Koo: "In the end, winding down QE is similar to raising taxes after a period of fiscal stimulus—in both cases the timing is extremely important. As neither the private sector nor the authorities have any experience with this sort of operation, I think it has the potential to create major disruptions in the markets and the economy."