•  What countercyclical measures should a deposit insurance system take to build up its funds for the rainy day? 22. Needless to say, this conference has come in at a very appropriate time. I do hope that your deliberations over the next two days will result in enhancing our collective understanding of deposit insurance and provide pointers for action. 23.
(2013), “Household Balance Sheets, Consumption, and the Economic Slump”, mimeo, Princeton University. Slacalek, J. (2009), “What Drives Personal Consumption? The Role of Housing and Financial Wealth”, The B.E. Journal of Macroeconomics, Vol. 9(1), De Gruyter, October, pp. 1–37. 4  BIS central bankers’ speeches