As the International Monetary Fund’s watchdog, José Vi?als has spent many sleepless nights since he took up his post in 2009 in the wake of the global financial crisis.
But even though the IMF’s latest financial stability report sets out growing risks on several fronts, Mr Vi?als is resting easier than in the past — because, he says, the world is now better prepared for such challenges.
“When I came [to the IMF], and for a few years after that, I wasn’t sleeping so well at night,” the former Spanish central banker said in an interview.
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