I.M.F. Warns of Global Financial Risk From Fiscal Policies

``As global leaders sounded the alarm about a slowing world economy, a more immediate concern drew the attention of policy makers at the International Monetary Fund's semiannual meetings last week: inflated asset prices and increasing levels of debt overseas... As economists and politicians heap pressure on global central banks to continue, and even escalate, their unusually loose monetary policies in order to spur global demand, the fear that these measures could provoke another market convulsion is spreading.''