Robert Macrae

Research Associate, Systemic Risk Centre

Publications

Opinion Pieces
Jun 2016
Jon Danielsson, Morgane Fouché and Robert Macrae
The threat to the financial system posed by cyber risk is often claimed to be systemic. This column argues against this, pointing out that almost all cyber risk is microprudential. For a cyber attack to lead to a systemic crisis, it would need to be...
Opinion Pieces
Oct 2015
Jon Danielsson, Morgane Fouché and Robert Macrae
There has always been conflict between macro- and microeconomic regulation. Microeconomic policy reigns supreme during good times, and macro during bad. This column explains that while the macro and micro objectives have always been present in...

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