These include a possible house price overvaluation, elevated household indebtedness and high residential real estate exposures of banks. Let me now turn to the emerging markets. During the peak of the pandemic crisis, capital outflows from emerging market economies (EMEs) were unprecedented in scale and speed – but also short-lived.
News, May 11, 2022, https://news.yahoo.com/lost-life-savings-terra-luna-160848651.html; Muyao Shen, “DeFi App 3  4 New retail users, by definition, do not have crypto experience. They don’t know how to independently buy a crypto asset, how to obtain and protect a private key, how to conduct trades on a DeFi protocol, or how to write a smart contract.