BIS central bankers’ speeches  1  reoccurs year after year. A look at historic data reveals that national per capita income 2 in Western European countries has grown by a factor of almost 15 since the onset of the industrial revolution.
Reforming insolvency regimes would break the vicious circle of weak banks and zombie firms having an adverse impact on productivity.11  Investment finance That brings me to my last point. The widespread diffusion of technology requires financing that is conducive to innovation and growth.