Experts Warn Of Looming Financial Crisis In Wake Of High Debt Levels


Martin Young from the ASFRC says global debt is up 318% relative to GDP.PETALING JAYA: A group of financial academics today warned of the possibility of a financial crisis in Asia, in light of the mounting global debt levels
The Asian Shadow Financial Regulatory Committee (ASFRC) said global debt levels were continuing to rise at approximately US$244 trillion (RM1,002 trillion), an increase of US$27 trillion (RM100 trillion) from 2016
It cautioned that the rising debt levels would have significant implications for the stability of the financial market as well as the likelihood of a crisis
In a media briefing here, Martin Young from the ASFRC said global debt was up 318% relative to GDP. This is higher than the ratio of 290% during the global financial crisis of 2008
“The continuing rise in the level of debt against a backdrop of tightening financial conditions is a cause for concern,” he said
He also said the excessive aggregated debt levels were the primary reason for the financial crisis in 2008. He cautioned that there was now less room to react to a similar debacle, from both a monetary and fiscal perspective
According to the Bank of International Settlements, the banking sector also indicates increased system fragility. Net international bank balance sheet positions show evidence of refinancing risks and interest rate risks which existed prior to the 2008 global financial crisis
“Since the 2008 financial crisis, borrowing has increased substantially and this overhang of global debt is starting to be stressed,” said Young
Corporations and households have responded to a low interest rate regime by piling on debt. This has led to asset bubbles, share buybacks and buoyant consumer spending
Young said one major concern of the debt saga in developing economies was the financing of domestic debt in offshore markets which led to sensitivity to offshore market volatility and domestic currency depreciation. He warned that collectively, these factors would increase financial vulnerability to debt default, the bursting of asset bubbles and contagion, possibly to Asian economies
The ASFRC recommended that sources of bank lending from non-core deposits be clearly ascertained. It said this would give central banks better control over their lending portfolios
It also advised regulators to look beyond Basel 3 conditions to increase capital adequacy requirements
The ASFRC also mooted the idea of implementing initiatives to reduce dependence on the US dollar by the usage of local currency for the issuance of corporate bonds. -FMT

Artikel ini hanyalah simpanan cache dari url asal penulis yang berkebarangkalian sudah terlalu lama atau sudah dibuang :

http://malaysiansmustknowthetruth.blogspot.com/2019/01/experts-warn-of-looming-financial.html?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+MalaysiansMustKnowTheTruth+%28Malaysians+Must+K

Kempen Promosi dan Iklan
Kami memerlukan jasa baik anda untuk menyokong kempen pengiklanan dalam website kami. Serba sedikit anda telah membantu kami untuk mengekalkan servis percuma aggregating ini kepada semua.

Anda juga boleh memberikan sumbangan anda kepada kami dengan menghubungi kami di sini
Study Shows High Levels Of Pesticide Residue In Oatmeal Cereals

Study Shows High Levels Of Pesticide Residue In Oatmeal Cereals

papar berkaitan - pada 28/1/2019 - jumlah : 217 hits
Having a meal as soon as you wake up is definitely important Breakfast helps nourish our bodies giving us energy to face the day This is especially important for children and babies who are still growing up But what if their go to breakfast...
Terminate Digi Broadband 100gb Sign Up Digi Postpaid Infinite Unlimited Internet High Speed

Terminate Digi Broadband 100gb Sign Up Digi Postpaid Infinite Unlimited Internet High Speed

papar berkaitan - pada 11/1/2019 - jumlah : 1124 hits
TERMINATE DIGI BROADBAND 100GB SIGN UP DIGI POSTPAID INFINITE UNLIMITED INTERNET HIGH SPEED Kisah weekend lepas kami anak beranak ke Alamanda Putrajaya Erm lama juga tak jejakkan kaki ke sini 2018 macam tak ada je kami jejakkan kaki ke sini...
Dpm S Office Says Her Name Misused In Speech On High Speed Broadband

Dpm S Office Says Her Name Misused In Speech On High Speed Broadband

papar berkaitan - pada 22/1/2019 - jumlah : 260 hits
Deputy Prime Minister Dr Wan Azizah Wan Ismail s office today claimed her name was misused for a speech at the launch of the Enhanced Malaysia International Internet Gateway High Speed Broadband project The text read out at the launch of th...
In New Mof Statement Guan Eng Reiterates Pahang S Rm3 18b Debt

In New Mof Statement Guan Eng Reiterates Pahang S Rm3 18b Debt

papar berkaitan - pada 25/1/2019 - jumlah : 300 hits
Finance Minister Lim Guan Eng today reiterated that Pahang s debts as of 2018 stood at RM3 18 billion and not RM760 million as claimed by menteri besar Wan Rosdy Wan Ismail In a statement issued by the Finance Ministry Lim said records show...
Lim Told Not To Be Arrogant Reminded Of Penang S Debt And How Federal Gov T Solved It

Lim Told Not To Be Arrogant Reminded Of Penang S Debt And How Federal Gov T Solved It

papar berkaitan - pada 23/1/2019 - jumlah : 254 hits
Finance Minister Lim Guan Eng who has questioned the Pahang state government s ability to develop the state due to its debt has been reminded how Penang was in a similar situation when he was the chief minister Umno lawmaker Khairy Jamaludd...
Pmo Sets Up Committee To Reduce Govt Debt

Pmo Sets Up Committee To Reduce Govt Debt

papar berkaitan - pada 16/1/2019 - jumlah : 200 hits
PETALING JAYA The Prime Minister s Office has announced the establishment of the Debt and Liability Management Committee The key objective of this committee is to reduce the government s debt and liabilities to a manageable level it said in...
Najib Now A World Icon On How To Siphon A Govt S Cash Replace It With Debt

Najib Now A World Icon On How To Siphon A Govt S Cash Replace It With Debt

papar berkaitan - pada 22/1/2019 - jumlah : 311 hits
At the heart of government debt is a promise to pay back creditors But governments sometimes don t do this either by defaulting on their bonds or restructuring their debt How are these decisions made And what happens to borrowings that gove...
4 Tips Memilih High Heels Agar Tampilan Dengan Dress Broken White Tak Jadi Boring

4 Tips Memilih High Heels Agar Tampilan Dengan Dress Broken White Tak Jadi Boring

papar berkaitan - pada 23/1/2019 - jumlah : 206 hits
4 Tips memilih high heels agar tampilan dengan dress broken white tak jadi boring Jauhi alas kaki berwarna senada pilih yang kontras atau heels dengan bahan yang berbeda dari gaun atau pakai model trendy yang menarik perhatian
Higher Water Tariffs Necessary To Change Mindsets Reduce Wastage Say Experts

Higher Water Tariffs Necessary To Change Mindsets Reduce Wastage Say Experts

papar berkaitan - pada 26/1/2019 - jumlah : 178 hits
KUALA LUMPUR Malaysians use an average 200 litres of water per capita per day which is well beyond the World Health Organisation s recommended level of 165 litres The statistics are nothing new and Malaysians excessive consumption of water ...
Makan Steamboat Dapat Henna Free

15 Kafe Di Johor Bahru Instagrammble Muslim Friendly

Suspek Buruan Kes Samun Toreh Dicekup

A Botched Shot

Antara Projek Pungguk Rindu Bulan Tilapia M Sia Pro Hamas

Sarawak And Malaysia Can T Afford Escalating O G Disputes

Isu Calon Perdana Menteri Kembali Menjadi Tegang Di Kalangan Pemimpin Pn

Worldcoin Dan Ai


echo '';
Info Dan Sinopsis Drama Berepisod Lara Kasih Slot Samarinda TV3

Senarai Lagu Tugasan Konsert Minggu 2 Gegar Vaganza 2024 Musim 11

Keputusan Markah Peserta Konsert Minggu 1 Gegar Vaganza 2024 Musim 11

Senarai Lagu Tugasan Konsert Minggu 1 Gegar Vaganza 2024 Musim 11

Info Dan Sinopsis Drama Berepisod Dhia Kasyrani Slot Akasia TV3


Resepi Spaghetti Seafood Marinara

Drama Skuad X Lakonan Imran Aqil Yusof Hashim

Enjoy The Rhythm Of Life A Nature Inspired Residence In Hefei China

Hopes Of The Chinese For Pn

Mara Beli Hartanah Terlebih Nilai Di Uk Australia Meskipun Ditolak Mof

Ikut Sop Tampal Lubang Jalan Dalam Tempoh 24 Jam Kkr Seru Syarikat Konsesi