Home » How Central Banks Can Avoid Repeated Bank Crises – Finance Manager Interview

How Central Banks Can Avoid Repeated Bank Crises – Finance Manager Interview

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Prof. Richard Werner, author of Japanese #1 bestseller ‘Princes of the Yen’, is interviewed by Bostjan Usenik from Finance Manager on how a central bank, namely ECB, can avoid repeated boom bust cycles by changing their policy:

– Have positive short term rates;
– Slow/stop bond purchases;
– Encourage banks to create credit for productive business investment;
– Lower the risk-weighting associated with lending to productive SMEs;
– Increase the risk-weighting associated with property and other financial lending;
– Decentralise the banking system by setting up not-for-profit community banks to support local businesses and pump profits back into local community initiatives

Richard Werner, interviewee
Bostjan Usenik, interviewer & producer of Finance Manager: https://www.youtube.com/channel/UCXbrKRGSn8atZbxtRLWWBYA
For the full interview: https://www.youtube.com/watch?v=1a6H7xZvC5Q
Printed version of the interview in Finance Manager magazine: https://manager.finance.si/8967790/(intervju)-Richard-Werner-ekonomist-Stop-sovjetizaciji-bank?cctest&

Prof. Richard A. Werner’s Official Telegram Channel: https://t.me/WernerEconomics
Prof. Richard Werner: https://professorwerner.org/

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