Tag: Financial Stability

“不能永续的事物终将停止”

| 21 June 2021
Fiscal, Monetary, Policy Briefs, Second Language | Tags: Covid-19, Debt, Democracy, Environment, Financial Stability, Health Systems, Inequality, International Cooperation, Resilience
这个著名的言论来自于赫伯特 • 斯坦, 美国企业研究所的资深研究员。这句话之所以家喻户晓是因为其道理显而易见。然而,人们常常忽略,公共政策通常建立在一个截然不同的假设上,即未来可看做是现在的延续。这令人深感遗憾,因为人类未来所依赖的许多极为重要的系统正在以一种不可持续的方式演化着,并面临着终止的风险。全球的经济、政治、环境健康系统都承受着巨大的压力,也显示出崩溃的迹象。 ... continue reading

“If Something Cannot Go on Forever, It Will Stop“

| 1 April 2021
Fiscal, Monetary, Policy Briefs | Tags: Covid-19, Debt, Democracy, Environment, Financial Stability, Health Systems, Inequality, International Cooperation, Resilience
“If something cannot go on forever, it will stop.” This famous observation was made by Herb Stein, Senior Fellow at the American Enterprise Institute. It became famous largely because it was just that, obvious. Yet, what is no less obvious is that public policy is ... continue reading

Financial Stability and Inequality: A Challenge for Macroprudential Regulation

| 5 June 2018
Blog, Monetary | Tags: Central Banks, Financial Regulation, Financial Stability, Inequality, Macroprudential Regulation
The global financial crisis shed new light on the role that central banks play for financial stability. In response to the financial turmoil, central banks took radical action to stabilize the financial system, by providing liquidity to banks and buying up financial assets. Following these ... continue reading

Climate Change Adds to Risk for Banks, but EU Lending Proposals Will Do More Harm Than Good

and | 17 January 2018
Blog, Monetary | Tags: Climate Change, Financial Stability, Macroprudential Regulation
Climate change is a relevant risk factor for the banking sector, but the European Commission's plan to lower capital requirements for greener investments is irresponsible in encouraging banks to forego proper risk management. ... continue reading

Is It Time To Take Away The Carbon Punch Bowl?

| 5 September 2017
Blog, Monetary | Tags: Climate Change, Financial Stability, Macroprudential Regulation
Climate change poses serious financial risks. Perhaps the biggest systemic risk is a disorderly transition to a low carbon economy. As noted in the Bank of England’s ‘response to Climate Change’, current forecasts suggest that to keep global average temperatures below 2 degrees, around two-thirds of ... continue reading