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This is a collection of essays by leading British economists, policymakers, and academics, convened by the London School of Economics (LSE) to rethink the role and shape of the global financial system after the 2008 crisis. The contributors examine fundamental questions like “What is a financial system for?” and argue that the financial system has grown too complex and detached from the real economy. Proposals include macroprudential regulation, “narrow banking”, reforms to pay in the banking sector, and better alignment of finance with social welfare.
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Publisher: London Publishing Partnership (LSE)
Publishing Year: 2010
ISBN: 978-0-85328-458-1
Pages: 288