Assessing Global Financial Stability: where do we stand? [Audio]

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Speaker(s): Dr Tobias Adrian | Editor's note: We apologise for the poor audio quality of this podcast. Financial instability can put growth at risk. How should global financial stability issues been analyzed? What is the IMF’s current assessment of global financial stability? During his lecture, Tobias Adrian will discuss the main features of a framework to assess global financial stability in a comprehensive and consistent way. He will also present the analysis of the October 2017 Global Financial Stability Report, which identifies sources of financial instability and the policies to mitigate risks to growth. The report focuses on the interplay between financial and macroeconomic developments, and assesses the degree to which these interactions pose risks that could threaten economic growth. Tobias Adrian, an LSE alumnus, is the Financial Counsellor and Director of the Monetary and Capital Markets Department of the International Monetary Fund (IMF). In this capacity, he leads the IMF’s work on financial sector surveillance, monetary and macroprudential policies, financial regulation, debt management, and capital markets. He also oversees capacity building activities in IMF member countries, particularly with regard to the supervision and regulation of financial systems, central banking, monetary and exchange rate regimes, and asset and liability management. Prior to joining the IMF, Dr Adrian was a Senior Vice President of the Federal Reserve Bank of New York and the Associate Director of the Research and Statistics Group. Dr Adrian taught at Princeton University and New York University and has published extensively in economics and finance journals, including the American Economic Review, Journal of Finance, Journal of Financial Economics, and Review of Financial Studies. His research spans asset pricing, financial institutions, monetary policy, and financial stability, with a focus on aggregate consequences of capital markets developments. Wouter den Haan is Co-director for the Centre for Macroeconomics and Professor of Economics at LSE. The Department of Economics at LSE (@LSEEcon) is one of the largest economics departments in the world. Its size ensures that all areas of economics are strongly represented in both research and teaching. The Centre For Macroeconomics (@CFMUK) brings together world-class experts to carry out pioneering research on the global economic crisis and to help design policies that alleviate it.