The possibility of ‘redenomination’ of public debts into re-born national currencies, though remote, started to be priced in and spreads soared, reflecting expectations of devaluation/revaluation. Banks in weak countries, whose balance sheets were full of national public bonds, incurred heavy losses at market value.
Opening remarks delivered by Mrs. Leila Matroos-Lasten, Acting president of the Centrale Bank van Curaçao en Sint Maarten during the second of the third CBCS Central Banking Conference Opening remarks delivered by Mrs. Leila Matroos-Lasten, acting president of the Centrale Bank van Curaçao en Sint Maarten on the occasion of the third CBCS Central Banking Conference Reinventing Central Banking: Supporting Inclusive Growth and Financial Innovation Centrale Bank van Curaçao en Sint Maarten, Willemstad June 7, 2019  Excellencies, distinguished guests, Ladies and gentlemen, good morning.