Coronavirus policy responses raise financial stability threat – IMF official
Policy-makers must be alert to threat of rapid liquidation of risky assets, Tobias Adrian says
Policy-makers must be alert to the financial stability implications of easing monetary policy to help forestall the economic impacts of the coronavirus, a senior International Monetary Fund official warns.
The widespread reduction in rates and “growing anxiety” about the economic outlook has raised concerns about the health of banks, Tobias Adrian, the fund’s financial counsellor, said in a blog post today (March 11).
A graph in the article shows a sharp decline in US, Japanese and eurozone
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