Is there a path between the Covid abyss and chasm of financial risk?

Covid-path-economy_Getty

Macro-prudential policies became ‘de rigeur’ in the aftermath of the global financial crisis. Policy-makers and economists appeared to put their faith in something akin to the Genesis parable about ‘seven good years being followed by seven bad years’. During the good years, policy-makers should strengthen the financial system, most notably by building counter-cyclical buffers, as well as trying to limit growth in the financial system to avoid too many excesses. Then, during the bad years, policy

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: