Why do we need macroprudential policy? The world of traditional banking regulation offers little scope for curbing the systemic repercussions of financial crises because it focuses primarily on the economic health of individual market participants.
Currently we are growing at a rate lower than that, if we don’t take into account the expected effect that the start of natural gas production will have on growth. The Israeli economy grew at an impressive rate in the years prior to the crisis, and the recession during the global crisis was relatively moderate.