Tobias Adrian, director of the monetary and capital markets department at the International Monetary Fund, holds up a copy of the Global Financial Stability Report at a news conference during the annual meetings of the IMF and World Bank Group in Washington, on October 16. Photo: Bloomberg
Opinion
Opinion
Macroscope
How a wave of risky lending has set the world up for another financial crisis
- Unsafe lending continues despite regulations, which merely pushed it into other sectors as big banks withdrew. This has left the global economy on the brink of a new disaster, in a cycle set to continue without greater oversight
Tobias Adrian, director of the monetary and capital markets department at the International Monetary Fund, holds up a copy of the Global Financial Stability Report at a news conference during the annual meetings of the IMF and World Bank Group in Washington, on October 16. Photo: Bloomberg