Riksbanken - Ingves: Financial crises in an international perspective

It is easy to forget what a financial crisis entails, now that a number of years have passed since we last experienced one and it is therefore important that we remind ourselves. Although we cannot yet see any immediate threats, we must look ahead to prevent potential crises.

During my twenty minutes or so today I intend to talk about the following:
* the fact that most of the various crises in different countries during the 1980s and 1990s have had a number of common causes,
* the fact that it is important to invest in preventing and managing crises,
* the fact that risks and potential vulnerabilities in the financial system are now changing rapidly as the differences between banks and other financial institutions decline and cross-border integration intensifies,
* the fact that the cooperation between authorities within and between countries must be developed further, both with regard to regular monitoring and crisis management. In particular, it is necessary to discuss how the responsibilities and costs should be divided up in the event of a crisis.

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Sveriges Riksbank/Riksbanken - Ingves: Financial crises in an international perspective