Essentially, if the policy choices by governments are more favourable to economic performance, then some of this stagnation fear may fade. Do you mean countries that have a fiscal margin to use investments to boost growth, like Germany, should act?
This  flexibility is the primary advantage of NBFCs over banks, enabling them to serve the last mile of financial intermediation. Therefore, it is imperative to strike a balance between regulating the NBFCs more tightly and the need to provide them the required flexibility. This will remain the cornerstone while we imagine the future of regulation for NBFCs. The Future Principle of Proportionality 12.