The Next Financial Crisis (starts at 08:05)
Moderator Alan Kasujja, Lead Presenter, Newsday, BBC News
Speakers
Rym Ayadi, Founder and Scientific Director, Euro-Mediterranean Network for Economic Studies – EMNES
Otaviano Canuto, Senior Fellow, Policy Center for the New South
Harinder Kohli, Founding Director and Chief Executive, Emerging Markets Forum
Edward Scicluna, Minister of Finance, Malta
Atlantic Dialogues 2019, Marrakesh, Morocco
More than a decade has passed since the Global Financial Crisis and the age of unconventional monetary policies has not ended. More recently, monetary policy has been eased in 70% of the world economy, negative yielding debt has reached US$ 15 trillion, financial conditions have eased and could ease further. As it tends to happen when very low interest rates and search for yield remain for long, financial system vulnerabilities have continued to build. We may well be on the verge of a new financial crisis.
- Where are the key rising vulnerabilities in the global financial system?
- Has the rise in debt of emerging and frontier markets spurred by global low interest rates and availability of external finance been matched with corresponding asset creation?
- To what extent has heightened trade and policy uncertainty affected financial flows?
- What should policymakers do to address rising financial vulnerabilities?
This Post Has 3 Comments
Very profound analyses about the crises can come soon. Canuto knows a lot about the global system
Begin by recognizing the dangerous distortions in the allocation of bank credit caused by the risk weighted bank capital requirements, ineptly based on that what bankers perceive as risky is more dangerous to our bank systems than what bankers perceive as safe.
http://subprimeregulations.blogspot.com/2019/03/my-letter-to-financial-stability-board.html
This is a fine new initiative. Bravo and best wishes!
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