BoE's Haldane on lessons from natural disasters

There is much to be learnt on dealing with financial crises from natural disasters, Andrew Haldane, the executive director for financial stability at the Bank of England, has noted.

"Through history, there are many examples of human flight on an enormous scale to avoid the effects of pestilence and plague. From yellow fever and cholera in the 19th century to polio and influenza in the 20th. In these cases, human flight fed contagion and contagion fed human catastrophe. The 21st century offered a

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