Big Risks to Watch: 10 Years After Lehman

The video discusses the current economic concerns, focusing on the limited monetary and fiscal space to react to potential shocks. It highlights the increased debt levels and the fragility of international cooperation compared to 2009. The discussion also covers the sensitivity of debt to interest rate normalization and the potential impact on financial stability. While systemic risk in the banking sector has decreased due to regulatory changes, the video emphasizes the need to identify new crisis catalysts, as another crisis is inevitable.

What does the text suggest about the sensitivity of outstanding debt to interest rate normalization?

What are the potential causes of the next financial crisis as discussed in the text?