With the Financial Stability Board-IMF-produced 2019 Progress Report on G20 Data Gaps Initiative as a point of reference, Quarles and Duffie will discuss the progress on financial stability analysis and data needs since the 2008 financial crisis, what additional gaps the current crisis reveals, and the key issues going forward.
The discussion further will focus on missing information related to the current economic crisis:
- Interconnections between the financial and non-financial sectors, where credit and liquidity stresses are so large at present
- The role of banks vs. non-banks in liquidity and credit provision to small businesses and households
This discussion is the first in a series exploring the key issues that drive financial stability analysis for researchers and policymakers. Future sessions will discuss key areas for improvement including data standards, sharing, infrastructure and governance.