The number of possible causes of crises has only risen in OECD countries

The COVID crisis is of course a particular crisis, because it is a health crisis and is therefore largely exogenous. But when we look at “endogenous” crises, we see that the number of possible causes of crises has only risen : In the past, crises were only caused by rising interest rates in response to inflation; Or by balance - of - payments crises (due to sudden capital outflows) , of which there have been many ; Then asset price bubbles began to burst, giving rise to banking crises; And now, one must add to this ever-present list the risk of: A social crisis, given the skewing of income distribution against wage earners; A monetary crisis, given the risk of a loss of confidence in money caused by excessive money creation; A public debt crisis, due to extremely rapid growth in public debt ratios.