Editorial Board

How to Avoid the Next Crash

Central banks need to be more bold about managing risk, and macroprudential policy may be the answer.
Bubbling up?

One of the main lessons of the last crash is that central banks and financial regulators need more ways to reduce the risk of the next one. Announcements by the Bank of England on Thursday serve as a reminder, six years later, that this lesson hasn't yet sunk in.

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