fbpx The Looming Financial Contagion | Harvard Kennedy School

Authors:

  • Kenneth Rogoff

Excerpt

January 2, 2023, Opinion: "With inflation on the rise and the era of ultra-low interest rates over, financial markets will face a huge stress test in 2023. While banking systems are more robust than they were in 2008, a real-estate slump could severely affect heavily leveraged private-equity firms, producing a systemic crisis."