Financial sectors have become more interconnected and a channel for rapid transmission of crises across regions and at a global level. This requires Fund surveillance (in other words its crisis prevention role) to adapt both in substance (what surveillance should do) and modalities (how to do it).
The significant point for us here is that the bubble we have experienced has coincided closely with the turning point in these demographic dynamics. Population ageing: inverse dependency ratio Let me show you some telling figures on the inverse dependency ratio, which indicates how many people of working age it takes to provide for one dependent person.