As the macroeconomic and financial conditions tighten a dangerous "sovereign-bank nexus" has emerged in many developing economies. Government and SOE debt take up a large share of the assets of financial sector institutions in many developing countries, heightening the risks of financial crises.
At the 2023 Spring Meetings Event of the World Bank and the IMF, panelists discussed these challenges and actions to minimize the risks of a financial crisis.
Vice President for the Equitable Growth, Finance, and Institutions (EFI) Global Practice
Hyun Song Shin
Economic Advisor & Head of Reserach, BIS
Superintendent of Banks, Insurances & Private Pension Funds Authority, Peru
Senior Fellow, Bruegel & PIIE
Director, Strategy, Policy & Review, IMF