The document discusses potential candidates for the next financial crisis, emphasizing the unpredictability of crises and the current stresses in the financial system. It highlights the 'great unwind' of global monetary stimulus and the unprecedented increase in central bank balance sheets since the financial crisis, suggesting these factors could contribute to financial instability.
doj/DataSet10/EFTA01384469.pdf
{"title":"Long-Term Asset Return Study: The Next Financial Crisis","document_date":"2017-09-18","document_type":"other","document_subtype":"financial report","key_organizations":["Deutsche Bank","Federal Reserve","European Central Bank","Bank of England","Bundesbank","Bank of Japan"],"reference_numbers":["DB-SDNY-0084677","SDNY_GM_00230861","EFTA01384469"]}