In the News
The Trouble with Financial Bubbles
Graham Watson
20th October 2015
Howard Davies, the widely known, current Chairman of RBS, looks here in this piece for the Guardian at how the job of central banks might have changed in the aftermath of the financial crisis. Whereas pre-2008 central banks were reactive and only intervened when crises emerged, he argues that in today's globalised financial sector they should be pro-active and intervene to stop asset price bubbles emerging.
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