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Roy Bridge Memorial Lecture by Paul Tucker: Macro, Asset Price and Financial System Uncertainties
In his Roy Bridge Memorial Lecture given today at the Financial Markets Association, Paul Tucker - Executive Director, Markets - discusses three related 'arenas' of uncertainty concerning the impact of structural changes in the economy and financial system.
Published on
11 December 2006
He considers whether, given the uncertainties over the macroeconomic outlook, financial markets are inadequately pricing risk - and thereby not insuring themselves properly - and placing too much weight on continued stability or the wisdom of the authorities.
Press release