Luiz Awazu Pereira da Silva, Bank for International Settlements
The Covid-19 pandemic shows how climate change might affect the global economy, says the deputy general manager of the Bank for International Settlements in a paper published on May 14.
The pandemic has intensified the need for policy-makers to co-operate on building more holistic approaches to identifying and managing global risks, says Luiz Awazu Pereira da Silva.
Governments should explore alternative fiscal approaches for emergencies that avoid wartime-style borrowing, he states.
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