Wilkins on an IMF panel on "systemic risk and macroprudential stress testing"
- The heart of what we look at (regarding debt) is microdata
- Much of the debt is concentrated in youth and low-incomes
- There is a set of individuals who are vulnerable to income or house-price shocks
- Stress tests show that banks can 'clearly' withstand shocks
This isn't the forum for comments on monetary policy. Watch it live here.
