What financial system for the 21st century?
Per Jacobsson lecture by Sir Andrew Crockett - 26 June 2011
This is a sequel to: Milliarium aureum II
[Mrt: I have been searching more about the IRF history and events and then it somehow connected to PJF events which lead me back to bis and a search and here there is the required info doc about the meeting, enjoy!]
June 20, 2011What financial system for the 21st century?
Per Jacobsson lecture, Basel, June 26, 2011
Let me conclude by coming back to Tommaso Padoa-Schioppa. Among many striking passages in his lecture is the following. “... Nothing excuses us, as responsible individuals, from the intellectual and moral duty of adopting a truly cosmopolitan perspective and from engaging in the thought experiment of devising the first best response…” The same sentiment should guide the effort to devise a new and stronger financial system. It should be global, it should be robust, it should be an effective servant of the real market economy. Being safe from disruption is a start, but it is not enough...."
Per Jacobsson lecture by Sir Andrew Crockett, 26 June 2011 Basel, Switzerland. (52 minutes)