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What is the source of a financial crisis? Why are financial systems fragile and why do they occasionally collapse? Stephen Cecchetti talks about his study on this topic. What he calls the anatomy of a financial crisis, can unfold in five steps in which people’s willingness to take on risks and their trust in financial institutions play a key role.
Rob Bauer talks about his recent study where he finds that about 70% of the subjects interviewed during his field experiment are willing to have a more sustainable portfolio at the expense of a certain amount of financial return. But is this the only learning from this research?
Richard Baldwin suggests creating an interface that allows the two forms of capitalism – China’s state-led and the West’s market-led capitalism – to live together in a mutually beneficial way.
Lars-Hendrik Röller explains the danger of supply chains that become too dependent on a single country with different political beliefs from the others.
Leticia Arroyo-Abad presents her study on different paths to development in North and South America, in which she looks at different legal frameworks of institutions, how they evolved over time in different regions and their effect.
Jean Pisani-Ferry says that in uncertain times standard recipes do not apply, these are an opportunity for policymakers to be open and creative.