The recent acceleration in GDP likewise is not so marked in other indicators, though neither is it entirely absent. But my guess at present is that at least some of the explanation for these better-than-expected outcomes probably has to do with changed behaviour in the labour market.
Dramatic developments in financial technology (Fintech) are creating new services, enlarging the pool of potential competitors of traditional intermediaries, and setting new challenges for macro-prudential authorities. There are many issues that could be fruitfully explored in this second area of interest. Perhaps this is where possible conflicts may arise between traditional banking institutions and new institutions operating in the shadow banking system.