3min chapter

Macro Musings with David Beckworth cover image

Emil Verner on Banking Crises, Credit Booms, and the Rise of Populism

Macro Musings with David Beckworth

CHAPTER

Navigating Financial Crises: Policy Recommendations for Sustainable Recovery

This chapter explores the difficulties policymakers encounter during financial crises, highlighting the need to differentiate between productive lending and consumption-based borrowing. It offers recommendations for enhancing the resilience of the banking system and supporting borrowers to foster economic recovery.

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