https://www.scmp.com/rss/328975/feed Dr Alan Bollard is executive director of the Asia-Pacific Economic Cooperation (Apec) Secretariat in Singapore and former governor of the Reserve Bank of New Zealand from 2002-2012. en https://assets.i-scmp.com/static/img/icons/scmp-meta-1200x630.png https://www.scmp.com Over the past decade, we have learned that a serious banking failure with risky balance sheets can feed into a major international financial crisis. That, in turn, is big enough to cause an economic crisis, as we saw with the Great Recession. The downturn in growth, trade and productivity that followed also opened up the possibility of a new contagion today. The global financial crisis, which I confronted as governor of the Reserve Bank of New Zealand at that time, masked some very important... https://www.scmp.com/business/article/2168722/us-china-trade-war-and-mounting-debt-risk-disaster-10-years-after-global?utm_source=rss_feed https://www.scmp.com/business/article/2168722/us-china-trade-war-and-mounting-debt-risk-disaster-10-years-after-global?utm_source=rss_feed Tue, 16 Oct 2018 07:30:15 +0000