Financial and Monetary Systems

The impact of monetary policy on risk, stability and financial crises

Silhouetted workers walk in front of office towers in the Canary Wharf financial district in London February 16, 2011. New Bank of England forecasts opened the door on Wednesday for interest rates to rise slowly in Britain but Governor Mervyn King warned against jumping to conclusions about when the central bank would pull the trigger.   REUTERS/Luke MacGregor  (BRITAIN - Tags: BUSINESS EMPLOYMENT) - RTR2IOGT

Research suggests that monetary policy not only affects financial conditions, but also vulnerabilities. Image: REUTERS/Luke MacGregor

Tobias Adrian
Senior Vice President, Federal Reserve Bank of New York
Nellie Liang
Director , Division of Financial Stability at the Federal Reserve Board
Share:
Our Impact
The Big Picture
Explore and monitor how Financial and Monetary Systems is affecting economies, industries and global issues
A hand holding a looking glass by a lake
Crowdsource Innovation
Get involved with our crowdsourced digital platform to deliver impact at scale
Stay up to date:

Financial and Monetary Systems

Credit market debt outstanding
Image: VoxEU
Don't miss any update on this topic

Create a free account and access your personalized content collection with our latest publications and analyses.

Sign up for free

License and Republishing

World Economic Forum articles may be republished in accordance with the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International Public License, and in accordance with our Terms of Use.

The views expressed in this article are those of the author alone and not the World Economic Forum.

Related topics:
Financial and Monetary SystemsBanking and Capital Markets
Share:
World Economic Forum logo
Global Agenda

The Agenda Weekly

A weekly update of the most important issues driving the global agenda

Subscribe today

You can unsubscribe at any time using the link in our emails. For more details, review our privacy policy.

What is ‘global debt’ - and how high is it now?

Victoria Masterson and Madeleine North

October 2, 2023

About Us

Events

Media

Partners & Members

  • Join Us

Language Editions

Privacy Policy & Terms of Service

© 2023 World Economic Forum