Stanley Fischer: Financial stability and shadow banks – what we don’t know could hurt us Speech by Mr Stanley Fischer, Vice Chair of the Board of Governors of the Federal Reserve System, at the “Financial Stability: Policy Analysis and Data Needs” 2015 Financial Stability Conference, sponsored by the Federal Reserve Bank of Cleveland and the Office of Financial Research, Washington DC, 3 December 2015.
However, it is unclear whether achieving this objective will be feasible in an external environment that, partly as a result of the factors explained above, is creating an atmosphere of uncertainty and adversely affecting productivity, thus pushing just in the opposite direction. 11  World Bank (2019): “Global Economic Prospects”, January. 8