Second, the increasing monetary accommodation adopted by the U.S. Federal Reserve and other central banks in advanced nations since the global financial crisis may have contributed to the international search for yield that has caused substantial capital inflows to emerging-market economies.
Indeed, banks must not only redirect the flow of depositors’ savings into investments and loans, they must also manage the risks that arise as a consequence. This is not a trivial task. Whether your focus is consumer or corporate finance, the stakes are high.