Aggravator of the global financial crisis: fear of “unknown unknowns” I would like to remind you of what aggravated and transformed a peripheral U.S. subprime mortgage problem into a full-blown global crisis: Namely, the contagious erosion of confidence, or the fear of “unknown unknowns” in financial markets.
CENTRAL BANK OF KENYA The Technical University of Kenya (TUK) 1 International TUK-SBMS International Conference st  Rethinking Economic and Business Sustainability in Disruptive Times Keynote Address by Dr. Patrick Njoroge Governor, Central Bank of Kenya Thursday, November 25, 2021 As Prepared for Delivery Good morning!