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When the banking system goes down the drain, the economy goes down with it (2008 is still very fresh in our minds).

— Hélène Rey Inflation, Sanctions and Debt Distress (2022)

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More quotes by Hélène Rey

Debt distress, inflation and hunger in the world are linked to the Russian invasion of Ukraine.

Inflation, Sanctions and Debt Distress (2022)

China acts according to its interests, including on climate: short-term economic factors may dictate over anything else.

Inflation, Sanctions and Debt Distress (2022)

The risk of social unrest in many countries should not be underestimated.

Inflation, Sanctions and Debt Distress (2022)

More vulnerable countries have a much harder time borrowing. Sometimes, financial actors do not want to lend at all and we are faced with episodes of "sudden stops" of capital flows into emerging markets with no way to roll over the debt.

Inflation, Sanctions and Debt Distress (2022)

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Quote text and notes from Wikiquote: Hélène Rey (page history), available under CC BY-SA 4.0. Source quality and labels are our own summary of what Wikiquote records.