How our society responds to the challenges associated with demographic change will have important consequences for the longer-run prospects for economic growth, average living standards, and the distribution of income and consumption across generations.
What are the broad structural forces shaping the financial system in the years ahead. Do we want those structural forces to play out? Are they well founded or are they the result of some distortion in the system? So in a nutshell: think about the system, think about the broad structural forces. 2  BIS central bankers’ speeches