Economics · Economy

Consider the following statements: I. External shocks such as sharp corrections in U.S. equity markets can transmit to the Indian economy through financial channels and tighten domestic financial conditions. II. Expansion of non-bank financial intermediation increases interconnectedness in the financial system, potentially amplifying systemic risk. III. Stablecoins and private credit markets are emerging sources of risk highlighted in financial stability assessments due to regulatory gaps. IV. Strong capital adequacy and liquidity buffers in banks and NBFCs completely insulate the financial system from global spillover risks. How many of the above statements are correct?