Fabio Panetta: The transition towards a more stable financial system
By Bank for International Settlements (BIS)
In this comprehensive address, Fabio Panetta examines the delicate transition of the Italian financial system toward a new regulatory equilibrium. Writing in 2015, Panetta acknowledges the positive impact of the Eurosystem's Quantitative Easing (QE) but warns that the credit market's normalization is incomplete.
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