12 år sedan
"How The Financial Markets Can Be Made To Support The Real Economy" – Seminar in London 27/11
A workshop hosted by Global Utmaning, nef (the new economics foundation), Global Climate Forum, and the Centre for Philosophy of Natural & Social Science
The global financial markets are increasingly out of the hands of national regulators; they are unstable and susceptible to shocks. How can the global markets be controlled and incentivised to better support the real economy and sustainable growth?
Venue: London School of Economics, Room 206, Lakatos Building, 7 Portugal Street, London WC2A 2HJ
Time: 27 November 2012, 17.00 – 20.00
Three recent studies on this subject will be presented and discussed
Moderator: Stewart Wallis, Executive Director, nef
17.00 Welcome/Introduction.
Roman Frigg, Director – Centre for Philosophy of Natural & Social Science
17.10 Where does money come from and where should it go?
Tony Greenham, Head of Finance and Business at nef, discusses a nef study on money creation within the financial system and the inherent risks. He also discusses how the system could be better adapted to incentivise transition and green growth.
17.40 Discussion
17.55 Inequality creates unstable markets and Was Irving Fischer right?
Michael Kumhof, Deputy Head of the modelling unit at the International Monetary Fund presents two recent IMF studies. The first study shows that increased inequality is driving bubbles and financial crisis. The second shows that a financial system that is restricted to supporting the real economy would create more growth and better stability.
18.25 Discussion & Break
18.50 Taming the global financial markets.
Ulf Dahlsten, Research Associate at CPNSS, London School of Economics, presents his doctoral thesis (presented at Potsdam University) on how the international rule of law can reap the benefits of the global market economy and strengthen national and regional sovereignty.
19.20 Discussion
19.30 Reflections on the way forward
Drinks Reception will follow, hosted by Global Utmaning
