Macro Prudential Regulation and Governance in Long Cycles: Towards Modern Experiential Learning Approach
We have not yet learned how to adapt to modern innovation challenges in the global economy's long cycles and how to govern the associated risks. All the traditional economic theories are too simplistic and do not account for the change in the speeds of global adjustments (esp. financial flows) in the modern digital and knowledge economy. This special analysis reveals that, inadequacies at micro- and macro-levels in the political-economic systems in the global economy cause a new type of crises which cannot be easily contained, let alone prevented, on the strengths of the classical self-correction mechanisms.
Volume (Year): 4 (2012)
Issue (Month): 1 (March)
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