Tag Archives: Financial Architecture

Going cold turkey would finish off a dysfunctional global financial system that’s now hopelessly addicted to emergency infusions. The only solution is surgery on the system itself.This article first appeared in Prospect magazine on 16 July 2021. The world economy is a mess. The system, notionally governed by the invisible hand of the market, is no longer governed in any meaningful way: private excess puffs up bubbles that government indulgence ensures can never burst. We seem condemned to...

The major challenges we face as we look to the coming decade – in particular urgently mitigating climate change, and reducing inequality – require major action. Development Banks, at national, regional or multilateral level, will be key to help finance recovery from the COVID crisis and achieve long-run structural transformation of existing economies to ones that serve people and planet far better. By providing financing and mobilizing private finance, Development Banks (DBs) need to...

The major challenges we face as we look to the coming decade – in particular urgently mitigating climate change, and reducing inequality – require major action. Development Banks, at national, regional or multilateral level, will be key to help finance recovery from the COVID crisis and achieve long-run structural transformation of existing economies to ones that serve people and planet far better.By providing financing and mobilizing private finance, Development Banks (DBs) need to...

The major challenges we face as we look to the coming decade – in particular urgently mitigating climate change, and reducing inequality – require major action. Development Banks, at national, regional or multilateral level, will be key to help finance recovery from the COVID crisis and achieve long-run structural transformation of existing economies to ones that serve people and planet far better. By providing financing and mobilizing private finance, Development Banks (DBs) need to...

The major challenges we face as we look to the coming decade – in particular urgently mitigating climate change, and reducing inequality – require major action. Development Banks, at national, regional or multilateral level, will be key to help finance recovery from the COVID crisis and achieve long-run structural transformation of existing economies to ones that serve people and planet far better.By providing financing and mobilizing private finance, Development Banks (DBs) need to...

The UN’s conference takes place in November 2021and will be led by the British government. It is apparently committed to “uniting the world to tackle climate change”. It needs to achieve far more. To tackle climate change and protect the ecosystem that sustains life on earth, we need to do more than just bring down emissions, and reimagine the economy.  We must transform the current globalised financial system. Why? Because the spigot of (largely) deregulated global credit fuels global...

The UN’s conference takes place in November 2021and will be led by the British government. It is apparently committed to “uniting the world to tackle climate change”.It needs to achieve far more. To tackle climate change and protect the ecosystem that sustains life on earth, we need to do more than just bring down emissions, and reimagine the economy.  We must transform the current globalised financial system. Why? Because the spigot of (largely) deregulated global credit fuels global...

The UN’s conference takes place in November 2021and will be led by the British government. It is apparently committed to “uniting the world to tackle climate change”.It needs to achieve far more. To tackle climate change and protect the ecosystem that sustains life on earth, we need to do more than just bring down emissions, and reimagine the economy.  We must transform the current globalised financial system. Why? Because the spigot of (largely) deregulated global credit fuels global...

This article appeared in a special, June 2020 edition of the Real-World Economics Review that majored on The Inequality Crisis. Today as the world endures the crisis of a global pandemic, “an old order is ending in convulsions”. So writes Rebecca Spang, historian of the French revolution in The Atlantic (Spang, 2020). In the 1790s, money, debt and the non-payment of taxes by France’s rentiers, played a critical role in revolutionizing France. Today purveyors of money and debt – creditors,...

This article appeared in a special, June 2020 edition of the Real-World Economics Review that majored on The Inequality Crisis. Today as the world endures the crisis of a global pandemic, “an old order is ending in convulsions”. So writes Rebecca Spang, historian of the French revolution in The Atlantic (Spang, 2020). In the 1790s, money, debt and...