Debt and Deficits: A Looming Threat to Global Financial Stability
Persistent budget deficits may trigger the next global financial crisis, as investors could lose confidence in government debt, warned John Simon, the outgoing head of research at the Reserve Bank of Australia (RBA), in his final remarks. Dr. Simon identified the “bank-sovereign nexus” as a significant medium-term risk to global financial stability. This scenario involves […]
Debt and Deficits: A Looming Threat to Global Financial Stability Read More »