Despite the sound economic conditions prevailing at the moment, according to Tobias Adrian, Director of the Monetary and Capital Markets Department of the International Monetary Fund (IMF), the next financial crisis is looming at a three-year horizon. In an article about Adrian's IMFS Working Lunch talk, the German financial daily "Börsen-Zeitung" summarizes the risks Adrian referred to. Adrian is also an IMFS research fellow.
Due to these risks, the IMF has asked to quickly address the weaknesses of the financial system. Furthermore, according to Adrian, the political uncertainties and the eroding confidence in public institutions create instability.
Here you can find a summary of Tobias Adrian's IMFS Working Lunch talk.
Börsen-Zeitung: "Eine holprige Straße voraus" (Paid Content)