Financial Stability Board (2017). Framework for Post-Implementation Evaluation of the Effects of the G20 (Gruppe der Zwanzig) Financial Regulatory Reforms. Basel. Goodhart, Charles, and Manoj Pradhan (2020). The Great Demographic Reversal – Aging Societies, Waning Inequality, and an Inflation Revival. Palgrave Macmillan. Hellwig, Martin (1998). Systemische Risiken im Finanzsektor. Schriften des Vereins für Socialpolitik NF 261. Zeitschrift für Wirtschafts- und Sozialwissenschaften Beiheft 7: 123-151.
We have further learned that, under conditions of great uncertainty, liquidity pressures can erupt in markets that had seldom been affected in the past. Central banks have responded quickly and flexibly to such events, but it has proven difficult to contain the pressures fully. Some quite important questions remain for the longer run, which central banks will be considering.