RBA's Stevens on risk and the financial system

In the speech 'Risk and the financial system' given on 15 September Glenn Stevens of the Reserve Bank of Australia said lower macroeconomic volatility had been one factor encouraging a marked increase in the debt that households were content to carry in many countries, including Australia.

"This has been most marked in the US and my own country but is apparent in a number of others, and that number will grow," he said.

If it had not made its way to Asia yet, it would before long, he said.

"To be

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