Description
'How Can We Control the Forces of Doom Looming Over the Global Economy' Abstract: Lack of effective institutions to regulate international financial markets has meant that an ever-growing shadow banking sector has become a true menace for global financial stability and, in the long run, for the viability of open global markets. Yet this need not have been the case and it is largely the fault of governments who have implemented region- or ethno-centric and timid reforms of the financial sector. Emilios Avgouleas argues that, in spite strong regional and national resistance, establishment of new International institutions as part of an effective governance model for global finance could lead to effective controls on the shadow banking sector, averting a return to financial protectionism. At the same time, a strong governance system for global financial markets could effectively steer international finance towards welfare enhancing goals.| Period | 4 Dec 2013 |
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| Event type | Conference |
| Location | Durham, United KingdomShow on map |