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Abstract:

Book
The Future of Finance
Peter Boone, C Goodhart, Andrew Haldane, Simon Johnson, John Kay, Andrew Large, Richard Layard, Andrew Smithers, A Turner, Sushil B. Wadhwani, Martin Wolf and Paul Woolley September 2010
Paper No' :


Tags: productivity; globalisation; uk economy; financial system

This book presents a novel approach to the reform of the world’s financial system, starting with the basic question, what is a financial system for? It shows that the existing system has become far more complicated than it needs to be to discharge its functions – and dangerously unstable into the bargain. It proposes some drastic remedies.