In addition, another emerging risk is represented by cyber-attacks. While banks have successfully shifted to a remote working environment, the Covid-19 has increased cyber risk threats and challenged banks’ IT resilience; it is of utmost importance that banks proactively strengthen risk management practices in this field. Finally, another area of priority is to address structural weaknesses of the banking sector.
Le Blanc, F. (1690), Traité Historique des Monnaies de France, Paris, and Keynes, J.M. (1919), The economic consequences of peace, London, chapter 6. On the costs of inflation, see Fischer, S. (1995), “Modern central banking”, in F. Capie, C. Goodhart, N. Schnadt and S. Fischer, eds., The future of central banking, Cambridge: Cambridge University Press, pp.