This volume explores fundamental macroeconomic and financial issues of today from fresh perspectives. Bringing together leading scholars and practitioners in the fields, it analyzes the light that the recent crisis has shed on the global macro economy, sectoral structure and financial architecture, and proposes policies needed to address systemic financial risks and foster a sustainable growth. It also explores the measurement of economic and social progress in our societies, and proposes new frameworks to integrate economic dimensions with other aspects of human wellbeing. This volume provides valuable suggestions for how to foster robust recovery from the crisis, and how to prevent its recurrence.Nonetheless, the experience of managing large-scale, non-financial systems suggests risk-reducing regulatory ... As with the Flash Crash, this may enable regulatory detectives to solve the whodunit: who did what when and, ... The answer lies in the clouds a conveniently enough, since they too exhibit fractal properties.
|Title||:||The Global Macro Economy and Finance|
|Author||:||Franklin Allen, Masahiko Aoki, Nobuhiro Kiyotaki, Roger Gordon, Joseph E. Stiglitz, Jean-Paul Fitoussi|
|Publisher||:||Palgrave Macmillan - 2012-10-18|