2/7  BIS central bankers' speeches  The ACOI also notes that “Compliance Officers are being tasked with Cyber Security risk management responsibilities ………… and utilising their skill sets in the areas of drafting and training personnel in what are often complex and grey areas”.
In part because of these two experiences, it is sometimes suggested that assetprice booms more generally lead to imbalances in the economy, and that asset-price busts and the correction of these imbalances lead to recessions that are longer, deeper, and associated with a greater fall in output and investment than other recessions. But what is the evidence on this question?