Daniela Gabor says repo and collateral shocks from Lehman to the Truss crisis point to a recurring source of financial instability, not isolated market accident

Daniela Gabor says repo and collateral shocks from Lehman to the Truss crisis point to a recurring source of financial instability, not isolated market accidents. She cites interventions tied to Trichet, Lagarde and Bailey across 2008, 2011, 2020 and 2022.