Question 1: Do you agree that cryptocurrencies are currently a threat to the stability of the financial system, or can be expected to become a threat in the next couple of years?
Despite recent growth, the market cap of cryptocurrencies remains modest, compared to the size of 'conventional' financial markets. Hence, cryptocurrencies do not seem to represent a threat to financial stability--for now.
Question 1: Do you agree that the phenomenon of declining house prices will ripple out from the London property market leading more UK regions to experience falling prices?
Loose monetary policy contributed to the recent increase in leverage and asset values. However, loose monetary policy was vital for supporting real activity, in the aftermath of the global crisis. Thus, central banks had no alternative. However, a much more aggressive tightening of financial sector regulation should have been enacted after the crisis, to improve financial stability. This would have helped to check the post-crisis rise in asset prices and leverage. Governments are to blame for this (lack of political will), not central banks.
The CFM surveys informs the public about the views held by prominent economists based in Europe on important macroeconomic and public policy questions. Some surveys focus specifically on the UK economy (as the CFM is a UK research centre), but surveys can in principle focus on any macroeconomic question for any region. The surveys shed light on the extent to which there is agreement or disagreement among these experts. An important motivation for the survey is to give a more comprehensive overview of the beliefs held by economists and in particular to include the views of those economists whose opinions are not frequently heard in public debates.
Questions mainly focus on macroeconomic and public policy topics. Although there are some questions that focus specifically on the UK economy, the setup of the survey is much broader and considers questions related to other countries/regions and also considers questions not tied to a specific economy.
The surveys are done in collaboration with the Centre for Economic Policy Research (CEPR).
Bitcoin and the City
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Question 2: Do you agree that the regulatory oversight of cryptocurrencies needs to be increased?
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Question 1: Do you agree that cryptocurrencies are currently a threat to the stability of the financial system, or can be expected to become a threat in the next couple of years?
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House Prices and the UK economy
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Question 2: Do you agree that a more widespread weakening of the UK housing market will slow UK GDP growth significantly?
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Make sure to save each question separately
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Question 1: Do you agree that the phenomenon of declining house prices will ripple out from the London property market leading more UK regions to experience falling prices?
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Global risks from rising debt and asset prices
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Question 2: Is the loose monetary policy of major central banks responsible for the recent increase in global leverage or asset values?
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