My remarks this morning will focus on the period after the global financial crisis, what it means for South African financial markets, and the resulting policy implications. I will also briefly touch on how international forums are dealing with the uncertainty and volatility created by divergent monetary policy.
After the global financial crisis, or the GFC Reflecting on the post-GFC period, the first thing that comes to mind is the set of spill-over effects from almost seven years of extremely loose and accommodative monetary policy in advanced economies.