Can central banks really prevent a repeat of the Great Depression?

Quick Summary:

As we wrestle with challenges similar to those before the 1920s slump, let’s not rely on central bankers to save us from economic calamity.

As Lagarde and current IMF managing director Kristalina Georgieva – who moderated Lagarde’s Michel Camdessus Central Banking Lecture in Washington last week – both noted, complacency about prospects for a soft landing could be the enemy now.

Her remarks are at odds with the current narrative of a soft landing for the global economy.

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Article Details

Author / Journalist: Anthony Rowley

Category: Business

Markets: Hong KongFrance

Topics: Great Economy Central Prevent Lagarde Washington 1920s Repeat Banks Depression Recent

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-28 @ 16:30:08 (5 days ago)

News Timezone: GMT +8:00

News Source URL: scmp.com

Language: English

Article Length: 259 words

Reading Time: 2 minutes read

Sentences: 10 lines

Sentence Length: 26 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © SCMP

News ID: 22855125

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