BIS central bankers’ speeches  1  Excellencies, Ladies and Gentlemen, Besides all the advances in monetary and macro-prudential policies to strengthen financial stability, we are at the stance that structural policies is also crucial in supporting financial system resillience.
Lesson from the 1997/1998 crises, we learned that micro and small enterprises were relatively resistant to economic shocks, giving significant contribution to financial and economy recovery. Hence, structural policies need to be promoted to advance wealth distribution to more people, particularly low-income class.