3rd IFC EURO FINANCE WEEK Conference Maleki Conferences Form

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yes this is the panel is also getting formed along the way because the net gross is arriving by train hopefully he will arrive in time before the panel is over so let me say a few words about the motivation for this panel and what is the what is or what are the key issues here well the theme of this session in a way is pretty fundamental to macro-prudential policy because it is about how you should set macro proof in an expansion and more specifically in at a time when monetary policy slacks but he's expected to tighten sometime in the future in a way this question is fundamental because it brings us back to the very very very birth the foundation of macro-prudential policy because if you remember economy started arguing for the need of macro-prudential policy tools precisely at the time you know after the subprime crisis at a time when monetary policy had been locked for a long time had accompanied a very long expansion of the economy and had been accompanied by excessive credit creat