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We have some questions.
From bail-inable private sector capital to mandated reserves of essential goods, there’s a lot regulators can do to ensure economies can better cope with Covid-19 style shocks in the future.
Central banks are supposed to offer counter-cyclical support in times of crisis. Macrofinance expert Daniela Gabor argues that when it comes to dollar swap facilities, central banks’ obsession with market discipline undermines that support.