Head of Sberbank Herman Gref estimated the risk of starting a new global crisis. According to him, this in a number of countries may tighten the monetary policy by leading financial regulators, but still remains unclear how the systemic risk is. His words lead RIA Novosti.
“There are such risks. Someone may suffer, but the question is how this risk is system,” he commented on and added that until the rates were growing only in nominal terms.
In September, the Russian Central Bank included in the number of alternative macroeconomic scenarios the possibility of an offensive in 2023 the global financial crisis, which can be compared with the crisis of 2008-2009. The reason can be the growth of global debt of states and corporations.
The mechanism is noted in the regulator may be: the US Federal Reserve (Fed) will dramatically tighte the credit policy, and investors will start to get rid of risky securities at one point. If such a situation is aggravated by a drop in oil prices up to $ 40 per barrel, Russia threatens the fall of the economy by 1.4-2.4 percent.
In turn, the head of the State Duma Committee on the Financial Market Anatoly Aksakov said that the global financial crisis would come after a couple of years if the World Central Banks would not respond to growing financial bubbles. According to him, an ambulance disaster foreshadows nothing, but in the perspective of several years, such a danger remains. The deputy noticed that the lack of a decisive reaction of the Fed can push the process.