Published February 06, 2013
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.
Date: Feb 06, 2013
Author: Agustin Carstens
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
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…