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Richard Werner was our guest at the latest event in our Lunch Talks series.
During his presentation, Richard Werner presented what measures central banks can take in case of banking crises. He then analysed what steps were taken in response to the economic crisis of 2008 and 2020. In the analysis, the focus fell on the American FED, the Japanese central bank, and some European banks (ECB in Frankfurt). He also presented the types of the quantitative easing method and drew attention to their careful and situational use. In other words, what is effective for one country in a deflationary situation cannot be generalized to all countries in a global economic crisis. In many cases, he saw the problem in the general adoption of a specific type of the method by other central banks.
