The Asian Banker

Substantial vulnerabilities and downside risks persist in the global economy
Agustin Carstens, governor of Banco de Mexico, feels that the international financial community, as a whole, must enhance its capability to better respond to future crises.

Feb 06, 2013 | Agustin Carstens

Let me start by presenting my view on the world economy, focusing on the epicentre of the crisis – the advanced economies. The crisis erupted in full in late 2008, at the time of Lehman Brothers’ collapse. The virulence of the consequences of this event brought a sense of common purpose among the most important countries in the world. In countries like the G20 and the IMFC, a coordinated policy response was instrumented, having as main objectives to stabilise financial markets so as to restart the intermediation of financial resources across countries and regions, and to implement counter-cyclical…

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Categories: Capital & Strategic Issues, Regulation, Risk and Regulation
Keywords: Agustin Carstens, Banco de Mexico, IMF, OMT, LTRO, Target 2, ECB, Fragmentation Risk, MAS, Market Risk
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