Great Moderation (also said in German)

Expression for the fact that volatility on the financial markets has decreased since about 2000. The reasons are considered to be – the stricter selection of borrowers, – the improved risk management at banks already initiated by Basel II in anticipation of its mandatory introduction, – the global distribution of large risks through various measures, such as loan securitization, and – refinements in monitoring by supervisory authorities and central banks.

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University Professor Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec.
Professor Dr. Eckehard Krah, Dipl.rer.pol.
E-mail address: info@ekrah.com
https://de.wikipedia.org/wiki/Gerhard_Ernst_Merk
https://www.jung-stilling-gesellschaft.de/merk/
https://www.gerhardmerk.de/