WASHINGTON: ‘ Watchwords: Credit, Growth, Leverage, Maturity Mismatch, Complexity and Too Big to Fail ‘

#AceFinanceNews – WASHINGTON:Dec.18 – Presentation by Mr Hyun Song Shin, Economic Adviser and Head of Research of the BIS, at the Brookings Institution, Washington DC, 4 December 2014.

Our understanding of crisis propagation is heavily influenced by the experience of the 2008 crisis.

Watchwords are credit growth, leverage, maturity mismatch, complexity and "too big to fail". While these factors are still relevant, it does not follow that future bouts of financial disruption must follow the same mechanism as in the past.

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