Croatian governor warns of further financial crises
It is probably time for central banks to “get out” of expanded balance sheets, Boris Vujčić says
Developed economies face further financial crises unless they undertake banking system reform and deleveraging, Croatia’s central bank governor said on March 24.
The average level of leveraging across developed economies had risen to levels above those recorded before the onset of the global financial crisis, Boris Vujčić told Central Banking’s National Asset-Liability Management Europe conference in London.
“History shows that the bubbles that burst and were not leveraged do much less damage
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