Similarly, studies on the adoption of computers in the US over the past three decades clearly shows that computerisation is associated with reduced labour input of routine manual tasks and increased labour input of non-routine tasks.14 This also highlights the importance for Europe to invest in both human and physical capital, since their positive effects on growth will most likely be mutually reinforcing, and thus greater.
The Financial Stability Board, which will present a report to the G20 summit in November, also envisages that banks will draw up emergency plans for refinancing, curbing risks, and in cases of evident insolvency, liquidating their assets in the most orderly fashion possible.