Pablo Hernández de Cos: Economic policy - the challenge of future crises

Speech by Mr Pablo Hernández de Cos, Governor of the Bank of Spain, at the "Ten years since the Lehman Brothers collapse" Conference Series, organised by the Barcelona Círculo de Economía, Barcelona, 14 December 2018.

The views expressed in this speech are those of the speaker and not the view of the BIS.

Accompanying slides of the speech.

I wish to start by thanking the Barcelona Círculo de Economía for their kind invitation to be here with you today, to close this cycle of lectures organised to mark the tenth anniversary of the collapse of Lehman Brothers. The economic and financial crisis was attributable to a broad and complex range of factors, but there is no doubt that this event remains engraved on the collective memory as a moment of particular significance, marking in a way the symbolic start of the crisis.