[Central Banks 1] Claudio Borio, The unconventional became conventional, 2020 speech

Easy financial conditions spur excessive risk-taking, sap the resilience of financial intermediaries, misallocate resources

When the unconventional becomes conventional

Speech by Mr Claudio Borio, Head of the Monetary and Economic Department of the BIS, at "The ECB and Its Watchers XXI", 30 September 2020, Frankfurt.

BIS speech  |  30 September 2020

by  Claudio Borio

PDF version (219kb)  |  5 pages

Abstract

The tools central banks use for crisis times are becoming increasingly ind…