The illusion of control
Global macroprudential and microprudential regulatory changes since 2008 have been designed to make a repeat of a systemic crisis much less likely. Th…
Read moreCrises
8 posts in this category
Financial crises and epidemics
Epidemics and financial crises are different beasts. But they are eerily similar underneath — The dynamics, the politics, the mistakes and the learn…
Read moreThe coronavirus crisis is no 2008
Many comparisons have been made between the coronavirus crisis and the global systemic crisis in 2008. This column argues that seen through the lens o…
Read moreArtificial intelligence as a central banker
Artificial intelligence, such as the Bank of England Bot, is set to take over an increasing number of central bank functions. This column argues that …
Read moreLow risk as a predictor of financial crises
Reliable indicators of future financial crises are important for policymakers and practitioners. While most indicators consider an observation of high…
Read moreEurope's pre-Eurozone debt crisis: Faroe Islands in the 1990s
The current EZ crisis is not Europe's first sovereign-debt crisis. This column shows parallels can be drawn from an all-but-forgotten episode, i.e. th…
Read moreThe Greek crisis: When political desire triumphs economic reality
October 2011 saw the latest draft of Solvency II, the European Union's code for regulation of the insurance industry. This column argues that the late…
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