Central Banks Are Playing a 'Game of Hot Potato,' JOHCM's Topcuoglu Says

The video discusses the expansion of global and central bank balance sheets, highlighting the rapid growth and its implications. It delves into the concept of QE Infinity and the challenges of reversing these expansions due to systemic issues. The discussion frames the current financial environment as a large-scale experiment post-financial crisis, emphasizing the risks of market reactions and potential defaults if liquidity issues persist.

What does the phrase 'the game of hot potato' imply in the context of central banking?

In what ways can companies default despite having access to liquidity?