Comment: Dealing with financial risks

Financial systems around the world have changed dramatically in the last 30 years. Borrowing and lending volumes have increased to levels unimaginable three decades ago, lending rates recently reached historically low levels, and instruments catering to every possible profile of risk and return have been developed.

COMMENT BY CENTRALBANKNET

Have these undoubted benefits come at a cost? How concerned should central bankers and financial system supervisors be, and what can they do about it?

These are

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