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Mark Carney

Published podcast speaker

Claims
30
Episodes
1
Shows
1
Named items
0

Claim ledger

What Mark said.

30 transcript-backed records

02 / belief

I think the prime minister would absolutely agree we need these other reforms on the regulatory side and the way business operates in Italy, but at the same time, bridges need to be built.

“I think the prime minister would absolutely agree we need these other reforms on the regulatory side and the way business operates in Italy, but at the same time, bridges need to be built.”
Speaker
Mark Carney
Publisher
Conversations with Tyler

07 / belief

Then the third thing — and there’s different views on this; I think the numbers are pretty clear — is from 2016 to 2020, from the Brexit referendum until Brexit, a period of pretty intense uncertainty and basically a flatlining of investment over that period.

“Then the third thing — and there’s different views on this; I think the numbers are pretty clear — is from 2016 to 2020, from the Brexit referendum until Brexit, a period of pretty intense uncertainty and basically a flatlining of investment over that period.”
Speaker
Mark Carney
Publisher
Conversations with Tyler

08 / belief

The most surprising thing that came to me as I was writing, but this was also in real time in the world, was this point about moving from a tradeoff approach on a big issue — the flattening of values, is what I talk about, to a hierarchy — just how powerful that can be in terms of market dynamics and investment. Something I believe, but I didn’t think I would necessarily see.

“The most surprising thing that came to me as I was writing, but this was also in real time in the world, was this point about moving from a tradeoff approach on a big issue — the flattening of values, is what I talk about, to a hierarchy — just how powerful that can be in terms of market dynamics and investment. Something I believe, but I didn’t think I would necessarily see.”
Speaker
Mark Carney
Publisher
Conversations with Tyler

11 / belief

I think the logic of the governing party in Scotland is that they would likely — they’re a little hedged on this, but part of the purpose of leaving — there are other motivations, but a part of the economic purpose would be to be part of the European Union.

“I think the logic of the governing party in Scotland is that they would likely — they’re a little hedged on this, but part of the purpose of leaving — there are other motivations, but a part of the economic purpose would be to be part of the European Union.”
Speaker
Mark Carney
Publisher
Conversations with Tyler

14 / belief

We worked closely with, funnily enough — well, not funny, but Canada and Ireland are in the same constituency in the IMF, and we worked closely with them during the crisis, including with determining how and when to support their financial institutions. And how that support ranked in terms of the overall — it sounds like an esoteric point, but it’s an important point in terms of the overall debts of the country — that, in other words, that support was junior as opposed to pari passu and, I think that contributed to their recovery.

“We worked closely with, funnily enough — well, not funny, but Canada and Ireland are in the same constituency in the IMF, and we worked closely with them during the crisis, including with determining how and when to support their financial institutions. And how that support ranked in terms of the overall — it sounds like an esoteric point, but it’s an important point in terms of the overall debts of the country — that, in other words, that support was junior as opposed to pari passu and, I think that contributed to their recovery.”
Speaker
Mark Carney
Publisher
Conversations with Tyler

16 / evaluation

I learned that there’s a lot that I didn’t know, number one. And in reinforcing that — and it sounds trite, but just reinforcing this point on humility and where that is valuable.

“I learned that there’s a lot that I didn’t know, number one. And in reinforcing that — and it sounds trite, but just reinforcing this point on humility and where that is valuable.”
Speaker
Mark Carney
Publisher
Conversations with Tyler

18 / belief

I’ve long been saying that crypto exchanges should be regulated as other exchanges are and should be subject to the same quality standards and Know Your Customer standards and others. I think the best crypto exchanges absolutely agree with that.

“I’ve long been saying that crypto exchanges should be regulated as other exchanges are and should be subject to the same quality standards and Know Your Customer standards and others. I think the best crypto exchanges absolutely agree with that.”
Speaker
Mark Carney
Publisher
Conversations with Tyler

21 / evaluation

I will say — and I’ve mentioned it in the book — that it was the discussion in Riyadh in February [2020] on COVID which was one time that you saw everyone’s head snap up from their iPads and pay attention, because it was the moment the pin dropped for the vast majority that we were in big trouble.

“I will say — and I’ve mentioned it in the book — that it was the discussion in Riyadh in February [2020] on COVID which was one time that you saw everyone’s head snap up from their iPads and pay attention, because it was the moment the pin dropped for the vast majority that we were in big trouble.”
Speaker
Mark Carney
Publisher
Conversations with Tyler

22 / evaluation

The reason the liquidity trap has not existed particularly in the United States, and UK as well, has been because financial conditions have been easier than they otherwise would be because of asset purchases and other measures that have been put in place.

“The reason the liquidity trap has not existed particularly in the United States, and UK as well, has been because financial conditions have been easier than they otherwise would be because of asset purchases and other measures that have been put in place.”
Speaker
Mark Carney
Publisher
Conversations with Tyler

23 / evaluation

I think particularly for the higher levels of central banking, where you’re trying to combine analytic rigor and synthesizing that into an ability to communicate, which is often the toughest thing.

“I think particularly for the higher levels of central banking, where you’re trying to combine analytic rigor and synthesizing that into an ability to communicate, which is often the toughest thing.”
Speaker
Mark Carney
Publisher
Conversations with Tyler

24 / preference

What we would like to see — look, I thought the system — and I’m a prisoner of my past, but the system in the UK, where there was quite a rigorous independence of the committee members on what’s called the Monetary Policy Committee, the equivalent of the FOMC, and they felt individual responsibility, they definitely would vote in different ways than the governor. They didn’t feel the need to have a consensus that was consistent with what the governor thought because they were individually on the hook for their votes and knew how people had voted.

“What we would like to see — look, I thought the system — and I’m a prisoner of my past, but the system in the UK, where there was quite a rigorous independence of the committee members on what’s called the Monetary Policy Committee, the equivalent of the FOMC, and they felt individual responsibility, they definitely would vote in different ways than the governor. They didn’t feel the need to have a consensus that was consistent with what the governor thought because they were individually on the hook for their votes and knew how people had voted.”
Speaker
Mark Carney
Publisher
Conversations with Tyler

25 / recommendation

” I think at this stage, at least for the limits of my imagination, the only way I can see directly around your issue is to limit the portion of my assets that I can hold in cash — sorry, central bank digital currency in this example — because otherwise, that instantaneous run risk very much does exist.

“” I think at this stage, at least for the limits of my imagination, the only way I can see directly around your issue is to limit the portion of my assets that I can hold in cash — sorry, central bank digital currency in this example — because otherwise, that instantaneous run risk very much does exist.”
Speaker
Mark Carney
Publisher
Conversations with Tyler

26 / prediction

I think the first thing is recognizing that that is a real possibility, that we will have a world which is a combination of centralized and decentralized finance, that there is potential value.

“I think the first thing is recognizing that that is a real possibility, that we will have a world which is a combination of centralized and decentralized finance, that there is potential value.”
Speaker
Mark Carney
Publisher
Conversations with Tyler

27 / evaluation

I would say — I said that was going to be the last point; I’ll make one other — that we have 90 central banks from around the world that cover 85 percent of global GDP, which is part of the central bank group, self-selected into that group that is looking at these risks and how to make sure the system is resilient, because to loop back to something else we were talking about earlier, we need to plan for failure.

“I would say — I said that was going to be the last point; I’ll make one other — that we have 90 central banks from around the world that cover 85 percent of global GDP, which is part of the central bank group, self-selected into that group that is looking at these risks and how to make sure the system is resilient, because to loop back to something else we were talking about earlier, we need to plan for failure.”
Speaker
Mark Carney
Publisher
Conversations with Tyler

29 / preference

Some of it is a question of responsibility across jurisdictions as opposed to taking full ownership of the issue and saying that we are jointly responsible for Canadians’ health in the middle of a pandemic, and we will jointly work together and share the positives and the negatives of the outcomes for Canadians — because after all, I’m talking to you from Ottawa.

“Some of it is a question of responsibility across jurisdictions as opposed to taking full ownership of the issue and saying that we are jointly responsible for Canadians’ health in the middle of a pandemic, and we will jointly work together and share the positives and the negatives of the outcomes for Canadians — because after all, I’m talking to you from Ottawa.”
Speaker
Mark Carney
Publisher
Conversations with Tyler

30 / evaluation

Just as, if you recall, the SIVs in 2008 collapsed back on the balance sheets of major institutions like Citibank, for example, and Merrill Lynch, and all of a sudden balance sheets that looked relatively healthy looked awful because they’re substantially higher-risk assets.

“Just as, if you recall, the SIVs in 2008 collapsed back on the balance sheets of major institutions like Citibank, for example, and Merrill Lynch, and all of a sudden balance sheets that looked relatively healthy looked awful because they’re substantially higher-risk assets.”
Speaker
Mark Carney
Publisher
Conversations with Tyler
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