Claudia Buch: Evaluating financial sector reforms - a joint task for academia and policymakers Statement by Prof Claudia Buch, Deputy President of the Deutsche Bundesbank, for the panel discussion "Improving Financial Resilience"; at the T20 Summit "Global Solutions", Berlin, 30 May 2017.
* * * Since the global financial crisis, major reforms have been launched which aim to enhance the stability of the financial system, making future systemic crises less likely and reducing collateral damage in the real economy. Evaluating the effects of these reforms needs to be part of a structured process that answers three questions: Did the reform cause an outcome?