Presentation by Claudio Borio, Head of the Monetary and Economic Department, on the occasion of the Bank's Annual General Meeting, Basel, 29 June 2014.
Takeaways
- The financial cycle is necessary to understand global economic challenges
- Coming to grips with the financial cycle calls for more symmetric policies across boom and bust phases
- Failing to tame the financial cycle raises material risks
The views expressed here are my own and not necessarily those of the BIS or its member institutions.
