JPMorgan's Jacob Frenkel on Brexit, Negative Rates

The transcript covers discussions on the UK's current account deficit, the implications of negative interest rates, and the evolving role of central banks in economic growth and financial stability. It highlights the importance of fiscal and structural policies alongside monetary policy. The conversation also touches on the critical role of banks in the modern economy and the need for a healthy financial system to ensure growth and employment.

What are the concerns regarding the current account deficit in England?

What is the significance of the UK capital market in relation to Europe?

What are the implications of negative interest rates on the financial system?

Why is it important for monetary policy not to be the only focus in economic recovery?

What role do central banks play in ensuring financial stability?

How do low interest rates affect the relationship between the real economy and the financial economy?

What is the relationship between a healthy financial system and economic growth?