BIS's Carstens Urges Central Banks to Normalize Rates

The video discusses the pressures on emerging markets, particularly Turkey and Argentina, and their macroeconomic resilience. It debates the need for new economic theories while emphasizing the importance of traditional monetary policy objectives. The role of central banks in managing sovereign debt and preparing for future recessions is explored. The impact of the USMCA on Mexico's economy and the potential consequences of a US-China trade war are analyzed. Finally, the effectiveness of banking reforms post-financial crisis is evaluated.

What comparisons are made regarding Ecuador in the context of emerging markets?

What are the main pressures faced by emerging markets according to the discussion?

What does the speaker suggest about the need for new economic models?

How has the relationship between Mexico and the US been characterized in the context of trade?

What potential impact does the speaker foresee if a trade war between the US and China escalates?

What changes in banking culture have been noted since the last financial crisis?

What is the speaker's view on the preparedness of banks for future shocks?