New policy approaches should ‘stimulate’ risk-taking: BoE’s Haldane
Andrew Haldane, the executive director for financial stability and a member of the Financial Policy Committee at the Bank of England, on Thursday called for any new policy approaches to "stimulate risk-taking".
In a paper released on Thursday entitled Risk Off, Haldane urged for policy approaches to allay the "fear factor". He warned that "risk aversion is being exacerbated by behavioural factors which may be leading to over-pessimism in markets".
Haldane used historical examples to show that
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