There is, thus, a felt need for concerted actions by the policy-makers across the AEs to save the global economy from falling into a downward spiral, rejuvenate the employment led  BIS central bankers’ speeches  1  recovery and pave the way for structural reforms required for sustainable and balanced growth not only in these economies but also in other economies including India.
Otherwise, we would take risks that Goethe already described. When necessary, banks should take advantage of the available government support to achieve these goals. From this perspective, I will interpret the conference theme – “After the crisis” – as an appeal to look forward and draw lessons for the future from our experience of the past two years.